China

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.

Kingdee International Software Group has raised HK$2.38bn ($306.5m) from an overnight placement of new stock.

China Jianyin Investment (JIC) and Nanjing Jiangbei New Area Industrial Investment Group were among two Mainland Chinese companies to sell dollar bonds on Thursday.

Genius Auto Finance sealed a Rmb4.5bn ($651m) three tranche auto loan securitization trade on Thursday, setting the stage for a steady revival of the Chinese auto ABS market.

China’s Zijin Mining Co has returned to the loan market for an $800m deal to refinance a borrowing used for its acquisition of Nevsun Resources.

A recent rule change by China's regulators to disclose bond bookbuilding extensions shows that more and more issuers are pushing the bookbuilding periods for their onshore bonds amid a rise in volatility.

Yangzhou Urban Construction State-Owned Assets Holding (Group) Co continued the tight pricing trend for recent bonds from Chinese local government financing vehicles with a 68bp tightening.

Chinese biotechnology start-up HBM Holdings has filed for approval to float on Hong Kong’s stock exchange.

ICBC Financial Leasing Co chose price over size for its first outing to the dollar bond market this year, but still managed to raise a larger-than-expected $900m.

Nasdaq-listed Futu Holdings, parent of Chinese online brokerage Futu Securities, has raised $313.5m from a follow-on offering, hitting the market on the back of a more than 200% surge in its share price this year.

Cash-strapped Chinese conglomerate HNA Group is once again deferring interest payments on a domestic perpetual bond. The move comes amid rising expectations of more coupon delays and failure by borrowers to redeem their onshore perps on the call dates, writes Addison Gong.

Chinese real estate developer Shui On Land sealed a slightly larger than anticipated $500m bond on Monday, despite issuing a profit warning earlier this month.