China

Investors jumped on Semiconductor Manufacturing International Corp’s shares on its debut on the Star market, pushing up its stock by 220% in the first half a day of trading.

Chinese real estate developer and defaulter Tahoe Group Co has told lenders and bond investors not to expect payment as the company grapples with a difficult restructuring.

Yunnan Construction and Investment Holding Group relied on anchor orders for its maiden $500m bond this week.

Chinese property developer Skyfame Realty Holdings grabbed $87.5m from a 364-day bond on Tuesday.

Chailease International Finance is approaching a large group of banks for a new $250m loan. This is in a bid to attract lenders, as other units under its parent company have already tapped the offshore market three times this year.

Chinese online travel company Trip.com Group has bagged $500m from its debut tap of the equity-linked market.

CCB Leasing (International) Co issued a $500m bond on Tuesday, making it the latest Chinese financial borrower to tap the debt market.

Dollar bonds sold by Bank of Communications and Industrial and Commercial Bank of China widened in the aftermarket on Tuesday after both firms took a tight approach to pricing.

Chinese high yield names continued to flow into the offshore market this week. Property developer RiseSun Real Estate Development Co took $250m from a 364-day bond, and financial firm Tongchuangjiuding Investment Management Group Co raised $300m.

The Shenzhen Stock Exchange (SZSE) has waved through the first three IPOs on the ChiNext board under the new registration-based system, just one month after the reform was implemented.

The China Securities Regulatory Commission has kicked off its annual rating process of domestic securities houses after updating several grading metrics and adding two bonus criteria.

Troubled Chinese coffee chain Luckin Coffee has appointed a new chairman of the board after founder Lu Zhengyao was voted out of the position by shareholders.