China

The stock exchanges in Shanghai and Shenzhen have heeded increasing calls from the market for a revision to their delisting rules by introducing tougher measures and a faster process to remove companies from their bourse.

Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

Hong Kong’s block market surged back to life on Monday night with a flurry of share sales worth a total of HK$14.19bn ($1.83bn).

Chinese property borrowers reopened Asia’s primary dollar bond market on Monday, with four issuers raising nearly $2bn between them following solid demand from investors.

Far East Horizon, a Hong Kong-listed leasing company, has made a quick return to the loan market for a $1bn-equivalent three year borrowing, less than five months after sealing a larger facility.

A block sale in the shares of Kingboard Laminates Holdings hit the market on Monday evening as its parent and an affiliate looked to trim their stake in the company.

Asia’s loans bankers are starting the new year with some optimism that the market will improve after a difficult 2020.

A trio of Chinese companies, including healthcare technology provider Yidu Tech and television series producer Strawbear Entertainment Group, kicked off their IPOs in Hong Kong at the end of December as they prepare to be the first new firms to start trading on the bourse in 2021.

The Asian dollar bond market reopened with a bang on Monday as six borrowers launched new transactions, with DCM bankers preparing for a busy January.

Chinese corn oil manufacturer Shandong Sanxing Group Co has extended the deadline for an exchange offer on its $200m 7.99% 2021 bonds for a third time.

In this round-up, China and the European Union wrap up negotiations on a bilateral investment agreement, the bourse in New York moves to delist three Chinese telecommunication giants, and the Mainland regulators have increased oversight on loans in the real estate sector.

In the second part of GlobalCapital China’s awards announcements, we reveal the winning banks across Panda bonds and ABS, as well as the best bank for securities services.