Greater China

In this round-up, China’s industrial profits jump for a second consecutive month, the securities regulator tweaks requirements around information disclosure by listed companies, and the Chinese finance minister says the country must continue to keep government debt risk at bay.

In this round-up, China International Capital Corp plans to boost the size of its Shanghai IPO, the Hong Kong Monetary Authority plays down the impact of the national security law, and the People’s Bank of China revamps green criteria.

Chinese property developer Fantasia Holdings Group Co took advantage of the favourable market conditions on Thursday to raise money for refinancing. It found more support than anticipated, allowing it to seal a larger $350m bond.

Investors flocked to Huzhou City Investment Development Group Co’s $300m bond, leading to a surprisingly large final book, a hefty 65bp price tightening and a headache over allocation.

Ping An International Financial Leasing Co has returned for a $340m loan to meet its refinancing needs.

In this round-up, the already fraught relationship between the US and China faces fresh tests, as both countries continue announcing retaliatory measures against each other.

Sino Biopharmaceutical’s chief executive Tse Ping has sold a portion of his stake in the company for the second time this year, pocketing HK$3.15bn ($406.4m) but causing the stock price to tumble in the secondary market.

Ant Group is planning a dual listing in Hong Kong and Shanghai that will value the company at as much as $200bn. Bankers say the mega listing will be a ‘shot of adrenaline’ for the two stock exchanges, creating a surge of liquidity that will enable more companies to follow suit. Jonathan Breen reports.

Chinese auto rental company Car Inc’s stock price and outstanding bonds took a hit this week as two of its major shareholders struggled to offload the company’s shares. Addison Gong reports.

The Covid-19 pandemic could forever change the way we as a society live and travel. Bankers may find it hardest to adjust to the new normal.

Singaporean commodities company Trafigura has returned to the loan market for its annual borrowing, seeking a $1bn-equivalent dual-currency deal.

GLP, a Singapore-headquartered global logistics facilities provider, sold a Rmb2bn ($286m) Panda bond on Wednesday. The company, once a frequent issuer in the onshore renminbi market, returned after a long absence.