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  • Chinese biotechnology firm Zai Lab is tapping equity investors for around $150m, hitting the market with a follow-on sale of American Depository Shares (ADS).
  • The Hong Kong Green Finance Association (HKGFA) is poised to launch later this month, triggering a new set of efforts in the city to encourage private sector participation in green financing.
  • Dollar bond issuance from China’s local government financing vehicles (LGFVs) has picked up in recent weeks, but a roadblock to a planned onshore deal from Qinghai Provincial Investment Group has once again turned the spotlight on government support for these fundraisings.
  • Larsen & Toubro is looking to raise at least Rp18bn ($254.2m) from the sale of stock in its subsidiary Larsen & Toubro Infotech.
  • Sinopharm Holding China Finance Leasing, a unit of state-owned China National Pharmaceutical Group, is tapping offshore banks for a $200m term loan.
  • LAIX, which runs English teaching app Liulishuo, is planning to float on the New York Stock Exchange for up to $100m.