China

Chinese social media platform Weibo Corp returned to the dollar market on Tuesday with a 10 year bond.

A long-running attempt by Chinese oil company Hilong Holding to complete an exchange offer on a dollar bond has failed, after it confirmed a default this week. The situation has caused analysts to speculate on how it could have executed its deal better. Alice Huang reports.

Chinese policy makers have finalised rules on how to deal with corporate bond defaults, with the regulation to go into effect next month.

BMW Automotive Finance, a frequent issuer in China’s onshore auto ABS market, is gearing up for its second securitization deal of the year. This time around, the German automaker has shortened the usual one year revolving portion to just a month.

Asian supply chains are facing unprecedented disruption. Banks in the region should take notice.

Chinese property companies Times China Holdings and Golden Wheel Tiandi Holdings Co took a combined $470m from the bond market on Monday.

Agile Group Holdings, a Chinese property company, is planning to launch a HK$3.242bn ($418m) refinancing loan into general syndication in early July.

The People’s Bank of China and its Hong Kong and Macau counterparts jointly announced plans to establish a wealth management connect scheme this week. While short on details, the move marks another step towards opening up China's capital markets.

China’s Archosaur Games set in motion its HK$2.17bn ($280.5m) IPO on Tuesday, joined by Cathay Media and Education Group and poultry producer Shandong Fengxiang.

China Bohai Bank has jumped into Hong Kong’s bustling IPO market, opening books for a HK$14.3bn ($1.85bn) listing.

The Hong Kong-listed shares of Semiconductor Manufacturing International Corp (SMIC) opened higher on Tuesday after the company got the nod from the Chinese securities regulator to list on the Star board.

Zhejiang Changxing Financial Holdings Group Co opted for a club-style execution for its $160m maiden international bond on Monday.