China

Boqii Co, a Chinese pet-focused e-commerce site, is working on a Hong Kong listing that could raise up to $150m, according to a source familiar with the matter.

China ZhengTong Auto Services Holdings, a luxury auto dealership, surprised bankers this week after missing a principal payment on a dollar loan. Pan Yue reports.

Chinese food and beverage company Bright Food’s ability to court investors and push for a tight price for its euro-denominated bond shows the benefits ─ and downsides ─ of an aggressive approach to the euro market.

Chinese auto rental company Car Inc’s stock price and outstanding bonds took a hit this week as two of its major shareholders struggled to offload the company’s shares.

Shandong-based Zhongrong Xinda Group failed to make the interest payment on a Rmb1.5bn ($215m) medium-term note on Monday, triggering further downgrades onshore.

China Huarong Financial Leasing Co opted for a short tenor deal for its latest $300m bond outing in a bid to save on funding costs.

Ant Group, the Chinese financial technology giant behind popular mobile payments app Alipay, has set in motion plans to go public through IPOs in Hong Kong and Shanghai, in what are set to be landmark deals for Asia's equity markets.

Shanghai Pudong Development Bank Co has added to the growing presence of Chinese financial credits in the international debt market with a $500m deal.

Two of China’s most powerful financial market regulators have brought a group of nine companies under state control.

China has taken yet another step towards merging its exchange and interbank bond markets, by kicking off a way to link their market infrastructure providers.

Shenzhen-listed Hangzhou Tigermed Consulting has caught the attention of international and local investors for its secondary listing on the Hong Kong exchange, set to be worth at least $1bn.

In this round-up, Beijing eases the cap for equity investment in insurance companies, the China Securities Regulatory Commission mulls consolidation, and the top financial regulators in Hong Kong tell the finance industry not to fret over the security law.