Greater China

Beijing Enterprises Holdings battled weakened sentiment around Chinese state-owned enterprises to sell a $700m dual tranche transaction on Wednesday. The company was able to price a successful deal, but only after overcoming recent fears about Chinese issuers. Morgan Davis reports.

The social confines of the past year have made me forget the importance of behaving myself in front of strangers.

The Shanghai and Shenzhen stock exchanges have tightened rules for public bond issuance in China’s exchange market, releasing new guidelines that are likely to restrict supply from weaker issuers and deter investment holding companies, local government financing vehicles and real estate developers. Addison Gong reports.

The National Association of Financial Market Institutional Investors plans to launch sustainability-linked bonds (SLBs) in the onshore market, after releasing official guidelines on Wednesday.

The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.

BNP Paribas plans to expand its presence in China’s onshore capital market, having applied to the securities regulator to set up a securities company in the Mainland.

Chinese bike-sharing company Hello has set in motion a Nasdaq listing, aiming to raise at least $100m.

Hong Kong jewellery company Chow Tai Fook has returned to the loan market for its annual borrowing.

Kaisa Group Holdings closed a $500m bond this week, part of a liability management exercise.

Shanxi Securities Co sold a heavily anchored $200m bond on Tuesday, relying largely on Chinese banks for its second international deal.

A Chinese state-owned shareholder of Orient Overseas (International) has raised HK$840m ($108.2m) from the sale of a block of shares, according to a source familiar with the matter.

Chinese companies have raised equity in the US at a record pace this year. The deal flow has quashed fears that a hostile White House would dissuade China’s hordes of technology startups from listing on the New York Stock Exchange and Nasdaq.