China
-
Pinduoduo, one of China’s hottest internet start-ups, has filed for a $1bn IPO in the US, upping the ante in an e-commerce landscape dominated by Alibaba Group. -
Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.
-
The insurance watchdog in Hong Kong is hoping to mimic Stock Connect as it considers a cross-border access scheme with the mainland market, the renminbi is the fifth most used payments currency, and DBS is planning to set up a securities joint venture in China.
-
The Chinese central bank’s monetary policy committee reiterates its neutral stance, top economic planner to abolish foreign ownership limits in the financial sector in three years, and the vice premier argues that protectionism could drag global growth into negative territory.
-
Hangzhou Steam Turbine & Power Group is seeking a new $100m offshore borrowing.
-
Foreign investors are bullish about the prospects for RMB-denominated investments in the Mainland, but liberalising access to derivatives and promoting two way flows need to be priorities for regulators, foreign investors told the Institute of International Finance’s China Financial Summit.
-
Hopes for a pick-up in bond issuance volumes in Asia were dashed this week as trade war fears between the US and China made investors risk averse.
-
Hong Kong’s new biotechnology-friendly listing regime attracted IPO filings this week from China-based Innovent Biologics and MicuRx Pharmaceuticals.
-
Lossmaking Babytree Group, a Chinese online platform for expecting parents, filed an IPO application in Hong Kong on Thursday.
-
51 Credit Card opened books on Friday for its HK$1.4bn ($173.9m) listing in Hong Kong, with 10 firms in the syndicate.
-
The Asian dollar loan market is set for some new competitors. A number of Chinese joint stock commercial banks are seeking approvals to set up branches in Hong Kong, with a view to arranging syndicated deals. What impact will this have? Pan Yue finds out.
-
China’s Ministry of Finance is prepping a comeback to the dollar bond market, less than a year after ending a 13-year hiatus. But can it replicate the success of its 2017 blockbuster transaction? Morgan Davis and Noah Sin find out.
