China

In this round-up, factory and services activity growth slows down in China, the securities regulator tweaks rules on exchange market corporate bond issuance, and the New York bourse moves ahead with delisting Chinese oil giant Cnooc on alleged military ties.

China Development Bank Financial Leasing Co rode on solid demand for its dual tranche $1bn transaction on Thursday to seal the bonds inside of fair value, hitting both its targeted price and size.

Two Chinese property companies seized the market window on Thursday to raise a combined $802m from the bond market.

In this round-up, the State Council calls for more efforts in the development of green finance in China, regulators plan to kick off southbound trading under Bond Connect by the end of 2021, and large state-owned Chinese banks unveil the latest reshuffle in top leadership.

Huatong International Investment Holdings Co, a Chinese local government financing vehicle, raised $600m from its bond on Thursday, but had to sacrifice a tighter price for a larger transaction.

Chinese company Gangfeng Lithium Co is gearing up to tap equity investors for as much as HK$4.9bn ($632m) from a private placement of its Hong Kong-listed shares, as it looks to raise money to expand some of its projects and investments.

Cheerwin Group, a Chinese company that makes personal and household care products, has thrown open its up to HK$3.1bn ($400m) Hong Kong IPO, testing investor appetite following a slump in the benchmark index this week over a planned increase in the stamp duty paid on stock trading.

The Export-Import Bank of Korea returned to the offshore renminbi bond market after nearly three years this week. It took advantage of a recent rally in the CNH swap rate to raise Rmb1.5bn ($232.4m). Addison Gong reports.

SciClone Pharmaceuticals bagged HK$2.18bn ($281.2m) after pricing its IPO high on the back of storming demand from institutional and retail investors, according to sources close to the deal.

Guotai Junan International Holdings broke a two-year absence from the dollar bond market this week to raise $400m.

Chinese financial leasing company Far East Horizon raised $500m from a bond sale on Wednesday after receiving orders of more than $3bn.

BofA puts China tech in focus – Davis Polk adds to Beijing team – SGX plants seeds for Orchid bonds