Greater China

Chinese online travel company Trip.com Group has bagged $500m from its debut tap of the equity-linked market.

CCB Leasing (International) Co issued a $500m bond on Tuesday, making it the latest Chinese financial borrower to tap the debt market.

Dollar bonds sold by Bank of Communications and Industrial and Commercial Bank of China widened in the aftermarket on Tuesday after both firms took a tight approach to pricing.

Chinese high yield names continued to flow into the offshore market this week. Property developer RiseSun Real Estate Development Co took $250m from a 364-day bond, and financial firm Tongchuangjiuding Investment Management Group Co raised $300m.

The Shenzhen Stock Exchange (SZSE) has waved through the first three IPOs on the ChiNext board under the new registration-based system, just one month after the reform was implemented.

The China Securities Regulatory Commission has kicked off its annual rating process of domestic securities houses after updating several grading metrics and adding two bonus criteria.

Troubled Chinese coffee chain Luckin Coffee has appointed a new chairman of the board after founder Lu Zhengyao was voted out of the position by shareholders.

Cifi Holdings (Group) Co sold its first green bond on Monday, raising $300m from a deal that received $2.25bn of investor order at its peak.

A veteran Citi banker who had been with the US firm for nearly two decades has joined CMB International Singapore.

China’s securities regulator has banned GF Securities from sponsoring IPOs for six months and underwriting bonds for a year, punishing the firm for its role on a series of fundraisings for Kangmei Pharmaceutical Co.

Chinese car manufacturer Great Wall Motors has paid up for its return to the loan market for a $440m-equivalent dual-currency deal.

Electric vehicle maker Li Auto is planning to float American Depository Shares (ADS) on the Nasdaq. It is eyeing $100m in proceeds.