China
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iDreamSky Technology Holdings, a Chinese mobile games publisher, started investor education on Monday for its flotation in Hong Kong.
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The People’s Bank of China has warned that companies such as China Evergrande Group, Fosun International and HNA Group can pose major risks to the country’s financial sector. But even before being singled out by the central bank, these companies have struggled in the offshore capital markets.
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Guangzhou R&F Properties is paving the way for its largest equity fundraising, seeking shareholder approval for a HK$10.7bn ($1.4bn) H-share placement.
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FX and equity markets jump as a possible US-China trade deal is back in sight, Chinese president Xi Jinping promises more developments on free-trade zones and a registration-based stock system, and the Dubai International Financial Centre takes action to expand Chinese institutions’ access to the Middle East Africa and South Asia (MEASA).
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Hong Kong furniture manufacturer and retailer Man Wah Holdings has launched its debut $100m loan into general syndication.
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China Tian Lun Gas Holding is seeking a Hong Kong dollar denominated loan to refinance a $240m dollar facility sealed in 2015.
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Shanghai Pharmaceutical Holding is raising a $655m dual-tranche facility to refinance a bridge loan that was used to support the acquisition of Cardinal Health (L).
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Hong Kong-listed China Water Affairs Group is paying 10bp less for a new $200m borrowing versus a similar transaction sealed earlier this year.
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In this round-up, MSCI proposes plans to increase four-fold the weighting of A-shares in its emerging markets (EM) index, China and the Philippines are launching a peso and renminbi trading platform next month, and weaker external demand drags down China's PMIs.
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In this round-up, Chinese president Xi Jinping promises more support for the private sector, Australia’s state of Victoria becomes the first in the country to support the Belt and Road Initiative (BRI), and Xi and US president Donald Trump discuss trade on a phone call ahead of their meeting at the G20 later this month.
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The People’s Bank of China will issue bills worth Rmb20bn ($2.87bn) in Hong Kong next week, in what analysts see as a signal of closer oversight of offshore renminbi (CNH) liquidity.
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Changchun Urban Development & Investment Holdings (Group) Co leveraged on its positioning as a key infrastructure investment and construction company for the local Chinese government to woo investors to its $400m bond return on Thursday.