China

China’s Jinxin Fertility Group has raised HK$2.99bn ($381.9m) from its Hong Kong listing after riding a wave of investor demand for healthcare stocks.

Greenland Holding Group Co tackled a July maturity by raising $500m from a bond on Tuesday, but the company still has more refinancing pressure in the near term.

Xi'an Municipal Infrastructure Construction Investment Group Corp has sealed a seven times subscribed bond to refinance an upcoming maturity. The deal was the first to price after China announced measures to curb local government debt by restricting new offshore issuance from their financing vehicles.

Maybank plans to return to the Chinese debt market on Wednesday with a Rmb2bn ($289m) Panda bond offering after a two-year hiatus. This time around, the Malaysian lender has roped in a policy bank as the trade’s lead underwriter.

Xinyi Glass Holdings and Xinyi Group (Glass) Co sealed a HK$1.18bn ($150.3m) block trade of Xinyi Solar Holdings' shares on Monday after a lock-up expired on their positions in the company.

A UBS economist’s allegedly offensive comment about "Chinese pigs" has ensnared the Swiss bank in a series of unfortunate events, including being kicked off a planned dollar bond deal for China Railway Construction Corp. The backlash is overblown but serves as a warning for banks dealing with China.

Alibaba Group Holding’s board of directors has begun preparations for a planned IPO of up to $20bn in Hong Kong, proposing a stock split that will give the company flexibility for future capital market activities.

China Everbright Bank has become the latest Chinese lender to tap the offshore market for floating rate notes (FRN), raising $500m at an aggressive level on Monday.

Shanghai Junshi Biosciences’ shareholders have given the green light to the firm’s proposal to float primary stock on Shanghai’s new Nasdaq-style board, according to an exchange filing.

Shares in Huatai Securities, the Chinese brokerage, rose as much as 12% on Monday morning after the company’s global depositary receipts began trading in London via the London-Shanghai Stock Connect programme.

A group of US senators have proposed a bill that threatens to block the IPOs of many Chinese companies in the country, and cause the delistings of mainland stocks from US exchanges.

In this round-up, the Mainland’s industrial production and other activity slowed in May, the Chinese foreign ministry urged the US to stop interfering with the country’s ‘internal affairs’ and the People’s Bank of China (PBoC) tried to calm the market again regarding Baoshang Bank’s bailout.