China

Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, has launched a $3.5bn three year loan into syndication, after closing an amendment and extension of an old borrowing.

In this round-up, China lifted its 2018 GDP by 2.1% after the fourth census, the Chinese Ministry of Finance (MoF) will add a tap to its sovereign bonds sold in June and Hong Kong wrapped up its district council elections on Sunday.

Troubled Chinese commodities trader Tewoo Group has revealed its plan to exchange or purchase for cash $1.25bn of outstanding offshore bonds, just days after getting funds from Industrial and Commercial Bank of China (ICBC) to make an imminent coupon payment.

The People's Republic of China is planning to raise around $6bn from its return to the dollar bond market on Tuesday.

Chinese property developer JY Grandmark Holdings has launched a roadshow for an up to HK$1.45bn ($185.5m) Hong Kong listing. A source close to the situation said the IPOs timing is right, despite the turmoil in the special administrative region.

In this round-up, US president Donald Trump threatened to raise tariffs again if a phase one deal is not reached, China is planning to set up a fund to promote its manufacturing industry and the US Senate passed the Hong Kong Human Rights and Democracy Act.

A shareholder group in Chinese education technology firm GSX Techedu have bagged $252m after selling a chunk of its US-listed stock.

In this round-up, the China Europe International Exchange (Ceinex) is working on establishing a Stock Connect scheme between China and Germany, the National People’s Congress criticises the Hong Kong High Court’s decision around the anti-mask law and the People’s Bank of China lowers its benchmark interest rates.

Chinese company Genetron Holdings has filed initial IPO documents with the US regulator just days after getting a fresh injection of capital from a Vivo Capital-led private funding round.

Chinese distressed debt manager Zhongyuan Asset Management Co made its first foray into the offshore market on Thursday, raising $400m from a three year bond.

Shandong Ruyi Technology Group Co and Shandong Yuhuang Chemical Co saw their respective dollar bonds plummet in the secondary market, as concerns rose on their debt repayment abilities.

Yuzhou Properties Co became the latest Chinese borrower to wrap up its offshore issuance quota for the year after selling a $500m bond on Thursday.