Greater China

Investors were unfazed by State Power Investment Corp’s (SPIC) move to tighten pricing on a $1bn bond by 52bp. The Chinese company’s deal was six times oversubscribed at its peak, and only tightened further in the secondary market.

ICBC International Holdings found a positive window to sell a five year bond on Tuesday, riding the uptick in market sentiment to price a $700m transaction inside fair value.

Boqii Co, a Chinese pet-focused e-commerce site, is working on a Hong Kong listing that could raise up to $150m, according to a source familiar with the matter.

China ZhengTong Auto Services Holdings, a luxury auto dealership, surprised bankers this week after missing a principal payment on a dollar loan. Pan Yue reports.

Chinese food and beverage company Bright Food’s ability to court investors and push for a tight price for its euro-denominated bond shows the benefits ─ and downsides ─ of an aggressive approach to the euro market.

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.

Shandong-based Zhongrong Xinda Group failed to make the interest payment on a Rmb1.5bn ($215m) medium-term note on Monday, triggering further downgrades onshore.

China Huarong Financial Leasing Co opted for a short tenor deal for its latest $300m bond outing in a bid to save on funding costs.

Ant Group, the Chinese financial technology giant behind popular mobile payments app Alipay, has set in motion plans to go public through IPOs in Hong Kong and Shanghai, in what are set to be landmark deals for Asia's equity markets.

Shanghai Pudong Development Bank Co has added to the growing presence of Chinese financial credits in the international debt market with a $500m deal.

Two of China’s most powerful financial market regulators have brought a group of nine companies under state control.

China has taken yet another step towards merging its exchange and interbank bond markets, by kicking off a way to link their market infrastructure providers.