China

Ronshine China Holdings was back in the equity market on Tuesday for a top-up placement, pocketing HK$1.1bn ($140.1m) overnight.

China-based VCredit Holdings, which provides online consumer finance, launched bookbuilding for its IPO on Tuesday, with proceeds of up to HK$1.58bn ($201m) in reach.

A joint notice by three Chinese government regulatory bodies limiting new capacity in solar power generation has caused several offshore renewable energy bonds to tank in the secondary market.

New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning an IPO in the US worth as much as $200m.

Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.

China Construction Bank Corp’s Hong Kong branch made an unusual Friday outing into the bond market, adding $1.5bn to its coffers from two tranches of floating rate notes.

Banks can start using debt issued by green and small businesses to borrow from the Chinese central bank, markets watchdogs tighten cash withdrawal rules on money market funds, and the banking and insurance regulator tackles excessive corporate borrowing with new guidelines.

Shanghai and Hong Kong’s stock exchanges say markets were in good form as the MSCI included A-shares in its benchmark, regulators approve new quotas for outbound and inbound investment schemes, and Aberdeen Standard Investments launches Luxembourg-based fund to tap onshore bonds.

The central bank chief says competition from international institutions is key to improving the Chinese financial sector, the securities watchdog says the first China Depository Receipts (CDRs) will launch soon, and the Ministry of Commerce tells the US to hold back from taxing $50bn of Chinese goods.

Bank of China offered something exciting to the debt market on Thursday by selling green bonds as well as the first sustainability note from a Chinese issuer.

The gravity in the relationship between Hong Kong and China’s financial markets has unquestionably shifted north in the past two decades. But instead of fearing competition, Hong Kong should embrace this change and build on its leading role in offshore RMB business, senior financial regulatory officials told a forum at the Hong Kong Stock Exchange on Friday.

Midea Real Estate Holding filed for an IPO in Hong Kong on Thursday that could raise upwards of $1bn, according to a banker on the deal.