Greater China

Chinese biopharmaceutical firm RemeGen has raised HK$3.99bn ($514.7m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter.

The Shanghai bourse stunned the market on Tuesday after halting Ant Group’s $34bn IPO, a deal which was set to be the largest listing in history. The extraordinary move, likely spurred by comments from Ant’s co-founder Jack Ma that criticised authorities for stifling innovation in China, is expected to delay the listing by at least six months. It will also force investors to revalue the company.

Fujian Yango Group Co returned with another high yielding bond on Tuesday, making it the only Asian issuer to brave the primary dollar debt market ahead of the US election.

Ask any debt banker in Asia about 'the Chinese bid' and they will tell you how dramatically demand from the country has transformed the dollar bond market. But a handful of recent deals from the country’s local government financing vehicles should give borrowers pause. This source of demand cannot be taken for granted.

Beijing Hyundai Auto Finance decided to try a revolving structure for its Rmb4bn ($597m) return to the asset-backed securitization market in China, getting an around two times subscribed book.

New Oriental Education & Technology Group is set to raise HK$10.1bn ($1.3bn) as it guides investors toward final pricing for its secondary offering in Hong Kong.

The Chinese central bank and the banking and insurance regulator plan to increase oversight on the booming domestic online micro-lending market, in a bid to curb risks in the sector. The two are also among regulators that held talks this week with financial technology giant Ant Group, which owns two microloan companies.

China Oceanwide Holdings has returned for a $291m loan that is backed by a letter of credit.

Taiwan’s technology service company Wistron Corp has returned to the loan market for a $300m facility.

China’s latest measures to reform its longstanding inbound investment schemes, Qualified Foreign Institutional Investor (QFII) and its renminbi-equivalent RQFII, kicked into effect on November 1.

Hong Kong’s stock exchange operator is planning to encourage more secondary listings in the city by extending a 2018 rule change that first made these deals possible.

Industrial Bank Co has locked up more than $800m-equivalent from an international bond sale earmarked for green and social projects.