China

Sichuan Development Holding Co paid investors a small new issue premium for its dollar bond sale this week.

Chinese local government financing vehicle Zhuhai Huafa Group Co priced a $250m perpetual bond with the support of a hefty syndicate team on Wednesday.

The growing divergence in the financial conditions of China’s banks means now more than ever, the country’s small and medium size lenders are in dire need of additional support.

China Huarong Asset Management's dollar bonds swung back up last week, making them the top performing investment grade notes in Asia.

Industrial and Commercial Bank of China has added Vicky Chan, a loans banker from China Construction Bank, to its team following a restructuring of its origination and distribution business.

Two Chinese local government financing vehicles raised less than $100m each from the dollar bond market on Tuesday, in what is shaping up to be a relatively quiet week for debt issuance in Asia.

Mainland China’s sustainable bond market has gone from strength to strength recently, with issuers and investors finding new opportunities and embracing international standards.

Shanghai HeartCare Medical Technology Corp has kicked off the roadshow for its up to HK$11.3bn ($145m) IPO.

Tianjin Great Wall Binyin Automotive Finance Co has continued its foray into the internationally rated ABS market since its first such deal onshore over a year ago, returning for a Rmb3.2bn ($494m) transaction at the end of last week.

Chinese electric vehicle maker Li Auto has raised HK$11.8bn ($1.52bn) from a secondary listing that received strong support from investors.

Chinese property bond issuers continue to remain under pressure amid waning investor sentiment and underperformance of deals in the secondary market. While some companies are attempting to claw their way back, the sector still faces some big challenges.

Online music platform Cloud Village has delayed its IPO after a week of pre-marketing, according to a source familiar with the matter.