China

Ant Group, Alibaba’s fintech arm, has wrapped up a 10-day ‘pre-listing tutoring’ process for its A-share debut on the Shanghai Star board, paving the way for its hotly anticipated Hong Kong and China dual listing.

Chinese bottled water and beverage company Nongfu Spring has opened books for its HK$8.35bn ($1.08bn) IPO of H-shares on the back of support from state funds in the Mainland and Singapore.

21Vianet Group, a Chinese internet and data centre provider, is tapping equity investors with a follow-on offer of new American Depository Shares.

Shandong Guohui Investment Co relied heavily on its 20-strong syndicate group to seal a tightly priced $400m bond.

Avic International Leasing Co has returned to the market for a $45m loan to support its purchase of two ships.

Chinese sportswear company Anta Sports Products has tapped the interbank market for the first time, pricing a Rmb1bn ($145m) Panda bond near the middle of guidance.

Hong Kong-listed tire materials maker Xingda International Holdings is planning to spin off and list its radial tire cord manufacturing business on the Mainland.

Chinese electric vehicle manufacturer XPeng has hit the road with its $1.1bn New York Stock Exchange IPO. It is the latest in a building pipeline of US listings by Mainland-based companies that are undeterred by rising tensions between the two countries.

A senior JP Morgan banker and head of its China securities joint venture has decided to leave his banking career for a job with a Hong Kong-listed Chinese drugmaker.

In this round-up, China’s banking and insurance regulator explains why banks’ profits slumped nearly 10% in the first half, TikTok’s parent ByteDance says it is suing the US government, and chairman of JP Morgan’s onshore joint venture has left to join a pharmaceutical company.

In this round-up, China’s fiscal revenues tumble 8.7% for the first seven months of 2020, the country’s top court slashes the legal limit on private lending rate, and an investor rights law firm files a class action claim against iQiyi’s owner Baidu.

In this round-up, China and the US are back on track to review progress of the phase one trade deal, American universities have been told to cut their China investments in their endowments, and Huawei Technologies is hit with another ban.