China

State Grid Corporation of China is in talks with banks for a loan to support its $2.23bn acquisition of Sempra Energy’s Chilean business.

Chinese biopharmaceutical firm I-Mab has set the ball rolling for a potential $100m Nasdaq IPO, having filed a prospectus with the US regulator on Tuesday.

SDIC Power Holdings has won final approval from the Chinese financial regulators to list in London. It will be the second company to float using the city’s Stock Connect scheme with Shanghai.

Chinese residential and commercial real estate developer Sinic Holdings has kicked off a roadshow for a HK$2.25bn ($287m) listing.

Three Chinese real estate developers came to the bond market on Tuesday, raising a combined $1.25bn.

Dongfeng Nissan Auto Finance, a joint venture between Japanese carmaker Nissan Motor and Chinese automaker Dongfeng Motor, will return to the Chinese auto loan ABS market on November 5 for its third deal of the year. The Rmb6.5bn ($920m) four-tranche note will be the issuer’s largest outing to date.

An investor in Ping An Healthcare and Technology has bagged HK$1.25bn ($159.9m) after selling a chunk of shares in the company, according to a source close to the transaction.

Universal Scientific Industrial (Shanghai), a subsidiary of Taiwan’s Advanced Semiconductor Engineering, has increased its debut offshore borrowing to $420m-equivalent.

Chinese firms Lizhi and Phoenix Tree Holdings are each planning US IPOs of up to $100m, according to listing documents filed with the SEC.

Bitcoin mining hardware maker Canaan has ditched a listing in Hong Kong SAR in favour of the US, filing for an up to $400m IPO of American Depository Shares (ADS) on Nasdaq.

Meinian Onehealth Healthcare Holdings Co’s only offshore bond rocketed in the secondary market after Chinese technology giant Alibaba Group Holding became its second largest shareholder.

Small appliance maker JS Global Lifestyle Co has shelved its potential HK$3.62bn ($462.2m) Hong Kong listing after a week of bookbuilding.