China

Agile Group Holdings raised $600m from its latest perpetual bond sale on Monday. But the execution of the transaction came under fire from bankers away from the deal, and those on the trade admitted that things did not go as planned.

Equity markets turned volatile again this week as trade tensions between the US and China escalated further, making accelerated equity sales more difficult.

JH Educational Technology will hit the road for its Hong Kong Stock Exchange listing after it completes investor education this Friday.

Chinese online tutorial platform GSX Techedu is fully covered for its listing on the New York Stock Exchange.

Chinese local government financing vehicle Chongqing Nan’an Urban Construction and Development Group closed a $500m five year bond sale on Tuesday, but only after shifting some of the banks running the deal.

Chainwin Animal Technology, a subsidiary of Taiwan’s Win Semiconductors, is looking to raise up to $200m in the offshore loan market.

Agile Group Holdings raised $600m from its latest issue on Monday, only for its notes fall in the secondary market on Tuesday.

CSSC Shipping has commenced bookbuilding for its IPO on the Hong Kong Stock Exchange.

The People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (Safe) have set new rules on cross-border capital management for Chinese Depository Receipt (CDR) issuers. Meanwhile, the Shanghai tech board’s listing committee will give its verdict on three candidates on June 5.

Far East Horizon has boosted its latest offshore borrowing to $1bn, attracting 10 participants during syndication.

The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) have taken control of Baoshang Bank, a mid-sized regional bank, the PBoC said last Friday evening. The takeover will last a year.

Online education platform GSX Techedu has launched the deal roadshow for its New York Stock Exchange IPO, in which it is targeting proceeds of up to $227.7m.