China

Local government financing vehicle Beijing Public Housing Center raised $300m from a five year bond on Tuesday that was priced inside some fair value estimates thanks to the borrower’s strong track record.

Ford Automotive Finance (China) has wrapped up a Rmb3.203bn ($492.3m) auto loan ABS deal, its first outing in the domestic Chinese market this year. Mercedes-Benz Auto Finance is also looking to make its first appearance of 2021 next week.

Chinese video sharing and gaming platform Bilibili is set to launch its Hong Kong secondary offering this week, after winning listing approval from the city’s bourse.

International investors are set to get their first chance to buy a carbon neutrality bond from China, with China Development Bank preparing for a deal this week. This is encouraging, and shows the country is serious about using capital markets to propel its carbon goals. But the government’s credibility will remain in doubt unless it makes changes elsewhere too.

Smart Share Global is drumming up interest in its Nasdaq IPO, which is expected to hit the market in late March, according to a source close to the trade.

Five banks are set to bring nearly Rmb60bn ($9.23bn) of subordinated bond supply to China’s domestic market this week, making it the busiest week for onshore bank capital deals so far this year.

Chinese company Fujian Yango Group Co raised $175m on Monday from a three year bond.

Property manager S-Enjoy Service Group has raised HK$1.04bn ($133.9m) from a sale of primary stock, boosting the size of the deal after strong demand swiftly covered the book.

Linklogis, a technology-based supply chain finance company, is seeking approval for its Hong Kong IPO from the city’s stock exchange this week.

Chinese property developer Shui On Land has returned to the loan market after a break of two years. It is seeking a $200m borrowing.

Chinese financial technology company Bairong has set its Hong Kong listing in motion after winning approval from the city’s bourse.

Alibaba Group Holding-backed artificial intelligence company Megvii Technology has officially filed for a Rmb6bn ($922m) listing of Chinese depository receipts on Shanghai’s Nasdaq-style Star board.