China

The Chinese central bank and the banking and insurance regulator plan to increase oversight on the booming domestic online micro-lending market, in a bid to curb risks in the sector. The two are also among regulators that held talks this week with financial technology giant Ant Group, which owns two microloan companies.

China Oceanwide Holdings has returned for a $291m loan that is backed by a letter of credit.

China’s latest measures to reform its longstanding inbound investment schemes, Qualified Foreign Institutional Investor (QFII) and its renminbi-equivalent RQFII, kicked into effect on November 1.

Hong Kong’s stock exchange operator is planning to encourage more secondary listings in the city by extending a 2018 rule change that first made these deals possible.

Industrial Bank Co has locked up more than $800m-equivalent from an international bond sale earmarked for green and social projects.

Chinese developer Sunkwan Properties has kicked off its IPO roadshow. It is aiming to raise up to HK$1.25bn ($161.2m).

In this round-up, the Purchasing Managers’ Index reading for October points to steady recovery momentum for the Chinese economy, profitability improves at the country’s largest state-owned lenders, and Hong Kong seeks help from the World Trade Organization to ban the US’s demand for its exports to be labelled ‘made in China’.

In this round-up, the Chinese Communist Party has set goals for the country’s development over the next five years, regulators are ready to streamline the Shenzhen Stock Exchange, and some big property developers have been asked for their monthly financial data.

Ping An Insurance-backed Lufax Holdings is expected to price its American depositary shares at the top of guidance, following a large turnout from global heavyweight investors for its IPO.

Shandong Iron & Steel Group Co was forced to pay 50bp more than it expected for a new $500m three year bond on Thursday, despite trying to appeal to investors with a positive spin on its future fundraising plans.

Chinese biopharmaceutical firm RemeGen will close the international orderbook for its Hong Kong IPO early as the deal is already many times covered, according to a source close to the listing.

China’s State Development and Investment Corp (SDIC) nabbed $300m in the bond market on Thursday.