China

Chinese online tutorial platform GSX Techedu is seeking approval for an American Depository Shares (ADS) listing on Nasdaq.

Xinyi Energy Holdings, an owner and operator of Chinese solar farms, has received a boost on its second attempt at listing on the Hong Kong Stock Exchange.

The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

Chinese car rental company CAR has wrapped up a liability management exercise, pushing its maturity curve out to 2022 despite fears in the credit market about the US-China trade war.

China’s industrial and automotive parts manufacturer Zhongding Group has cut the price for its €200m loan refinancing.

Sinopharm Holding (China) Finance Leasing is tapping the offshore loan market for a $200m borrowing.

Chinese e-sport streaming platform DouYu is waiting for more stable market conditions before commencing pre-marketing for its $500m IPO of American Depository Shares (ADS).

Equity investors are too complacent about the prospects of the wheels coming off of trade talks between China and the US. Such optimism could wreck equity capital markets for the year if negotiations sour,

With South Korea and the Philippines heading to euros for new bond transactions, more issuers from Asia should take courage and consider funding in the needlessly neglected currency.

China’s Shimao Property Holdings has returned to the offshore loan market for a new borrowing, with a size of between $700m and $1bn.

Haitong UniTrust has launched pre-deal investor education for its Hong Kong IPO, as the Chinese financier looks to make it fourth time lucky for its deal.

Luckin Coffee has covered books after the first day on the road for its up to $510m Nasdaq IPO. And to add to the proceeds, the firm is concurrently selling ordinary shares to merchant firm Louis Dreyfus Co.