Greater China

Red-chip issuer China Everbright Environment Group has raised Rmb2bn ($313m) from a Panda bond, ahead of a planned outing by sister company China Everbright Limited this week.

LinkDoc Technology, a cancer-focused medical data company, has filed paperwork for a $100m offering of American depository shares (ADS).

Aihuishou International, a marketplace for second-hand electronics, has kicked off a $243.5m IPO on the New York Stock Exchange.

The Spac phenomenon in the US appears to be reaching a tipping point, after whetting the appetite of investors over the past year and offering juicy fees to investment banks. As the market in Asia gets ready for take off, firms should be wary of the obstacles they may face.

Germany’s BMW sold two Panda bonds in China’s interbank market on Thursday, tapping onshore liquidity with a publicly syndicated deal for the first time. The transaction was also a rare public outing from a ‘real’ Panda issuer.

China Development Bank has returned to the offshore renminbi market, raising Rmb2.5bn ($391m) from a three year bond.

Gushengtang, a Chinese fintech-linked healthcare company, is plotting a listing in Hong Kong, riding on the strong positive sentiment among investors for companies in this industry.

In this round-up, China passes a law that will enable reciprocal measures against foreign sanctions, the US president signs an executive order lifting bans on Chinese applications, and the central bank will start quarterly evaluation of the green finance performance of major lenders.

Shanghai MicroPort MedBot (Group) Co, which designs and develops surgical robots, is getting ready to list on the Hong Kong Stock Exchange.

Chinese ride-hailing firm Didi Chuxing has publicly filed for what is likely to be a jumbo IPO in the US, putting in motion its founders’ plans to become a ‘truly global technology company’.

Bank of Communications Financial Leasing Co used a sustainability label for its new $500m three year bond.

Chinese local government financing vehicle Ganzhou Jiankong Investment Holding Group Co sold a $270m bond on Thursday.