China
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Chinese pork producer Muyuan Foods has set the ball rolling on its debut $200m offshore loan. -
China’s move to enact a controversial security law in Hong Kong is clearly bad news for the special administrative region. But it will also hurt mainland China.
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Chinese online payments platform Yeahka rode on strong demand from both institutional and retail investors for its Hong Kong IPO, to price the HK$1.64bn ($211.9m) deal at the top of guidance.
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DCM bankers are expecting a reasonably busy week for deal flow in Asia, as markets slowly stabilise and bond investors try to look past recent volatility.
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Burning Rock Biotech is planning to float on Nasdaq for as much as $100m.
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In this round-up, China’s top government officials, including president Xi Jinping, discuss key economic targets and a fiscal stimulus package, and foreign minister Wang Yi warns the US against a ‘new cold war’.
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Chinese internet giants JD.com and NetEase are targeting mid-June to launch their respective Hong Kong listings, according to sources familiar with the matter.
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In this special round-up on China’s annual Two Sessions parliamentary meeting, the government does not set a growth target for 2020 but raises the budget deficit to at least 3.6% of GDP. It also plans to issue Rmb1tr ($140bn) of special ‘anti-pandemic’ treasury bonds.
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Taiwan-listed On-Bright Electronics is seeking a $206m loan to support its take private.
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A group of lenders is targeting the family assets of Luckin Coffee chairman Lu Zhengyao to regain losses from more than $500m in margin loans.
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In this round-up, China’s central bank leaves the benchmark loan prime rate (LPR) unchanged for May, the stock exchanges of Shanghai and Shenzhen will allow companies to sell bonds with maturities under one year, and fund manager Fidelity International is looking to break into the onshore mutual fund industry.
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Sponsored China Southern Asset ManagementChina Southern Asset Management is in a strong position to capture opportunities in the Mainland’s rapidly growing equity fund market. The rising competition in this segment is only set to push it harder.
