China

China’s Zhongyu Gas Holdings has launched a $300m refinancing loan into general syndication.

The People’s Bank of China said it will buy Rmb400bn ($56bn) of inclusive loans given by banks to small and micro enterprises. The move can spur the country’s lenders to boost new lending to small businesses by as much as Rmb1tr.

Chinese bond issuer Shandong Ruyi Technology Group is back in the spotlight after a local government financing vehicle (LGFV) pulled out of a planned Rmb3.5bn ($491m) purchase of the clothing company’s shares, putting pressure once again on its looming maturities.

China’s green market has taken a big leap forward with plans to cut clean coal from the list of projects eligible for green bond financing. The move is notable — but only if the country follows it up with more measures.

China’s Dada Nexus, an operator of on-demand retail and delivery platforms, has launched bookbuilding for its up to $280.5m US listing, according to a source familiar with the matter.

Online game developer NetEase has begun bookbuilding for its long-awaited Hong Kong secondary offering. The company is aiming to raise around HK$21.6bn ($2.8bn).

China Construction Bank International has repaid, ahead of schedule, a $1bn loan maturing in July 2021.

Beijing Enterprises Clean Energy is making a quick return to the offshore loan market, only two months after launching a separate borrowing.

A 20-year Credit Suisse veteran will chair the bank's China securities joint venture, after the Swiss firm takes majority control of the onshore business.

US-listed internet giant NetEase is set to launch its Hong Kong secondary public offering, after getting the green light from the city’s stock exchange.

Chinese real estate developer Sichuan Languang Development Co rushed into the market last Friday with a dollar deal, to avoid any market fallout over the weekend from rising tensions between the US and the Mainland.

In this round-up, the US says it will strip Hong Kong of its special trade status after Beijing passed the national security law on the special administrative region (SAR), and China’s securities houses will be able to raise subordinated debt in the public markets.