Greater China

Asian borrowers looking to tap the international dollar bond market this year have only a small window of opportunity to raise funds. They should act quickly.

Excellence Commercial Property and Facilities Management Group has hit the road with its IPO in Hong Kong. It is looking to raise up to HK$3.2bn ($413.4m).

In this round-up, China announces draft regulations for its global systemically important banks, both manufacturing and services activity expand in September, and the regulator for corporate Panda bonds releases details for easier issuance.

Hong Kong’s stock exchange has named an interim replacement for chief executive Charles Li, who is stepping down at the end of the year after more than a decade leading the bourse.

China Evergrande Group reached an agreement with a group of strategic investors to avoid upcoming repayments, easing recent concerns on a potential liquidity squeeze for the company.

Chinese data centre operator Chinadata Group Holdings has guided investors to the top of price guidance for its Nasdaq listing, eyeing $540m from the deal, according to a source familiar with matter.

China Merchants Port Holdings Co (CMP) paid a generous premium to close a $600m dual-tranche bond on Tuesday, responding to weakness in the secondary prices of similar deals.

Ping An Healthcare and Technology Co has raised HK$7.86bn ($1.01bn) after a primary share sale which drew strong demand from its existing investors, said a source familiar with the matter.

China’s Weihai City Commercial Bank has launched its Hong Kong IPO and is aiming to raise HK$3.1bn ($397.3m) from the deal.

Geely Automobile Holdings is one step closer to becoming the first Chinese automaker to debut in the Star market, having received stock exchange approval for a secondary listing in Shanghai.

China will consolidate its two major inbound investments schemes, in a bid to drive more foreign capital inflows to the onshore financial markets.

In this round-up, Beijing plans to further ease foreign access to the onshore capital markets, Chinese industrial firms post rising profits and the securities regulator plans to loosen the rules for equity follow-ons.