Greater China

In this round-up, regulators release official guidelines for follow-on offerings in the Nasdaq-style Star market, issuers of onshore ‘enterprise bonds’ get an extension on their regulatory approvals, and a financial unit of JD.com starts pre-listing education for its Star debut.

In this round-up, local governments are encouraged to use debt raised to improve smaller lenders’ capital ratio, the Bond Connect scheme launched three years ago helps foreign holding in Chinese bonds to top Rmb2.6tr, and Luckin Coffee’s Lu Zhengyao holds on to his chairman role.

Country Garden has launched a $1.5bn-equivalent loan into general syndication after mandating a group of nine banks.

Lu Zhengyao will remain chairman of Chinese chain Luckin Coffee after a vote to remove him went in his favour.

In this round-up, China joins a 12-country initiative to ensure supply chain connectivity, India has banned 59 Chinese apps including WeChat for being ‘prejudicial’ to its sovereignty and integrity, and tensions between China and the US are on the rise.

China’s leading detergent maker Blue Moon Group Holdings is planning to float in Hong Kong for around $1bn, according to a source close to the deal.

Tianjin Great Wall Binyin Automotive Finance is gearing up for a new Rmb3.37bn ($477m) auto loan ABS in China. For the first time, the issuer has obtained an international rating for its deal.

Powerlong Real Estate Holdings has raised a new offshore borrowing of $120m-equivalent, just two months after closing a $200m loan.

Shanghai Clearing House’s plan to show issuers a full list of their investors is causing alarm among some syndicate bankers — who admit to using highly questionable bookbuilding practices to impress their clients. Rebecca Feng reports.

Hong Kong has been my home for two decades, and there is so much I love about it — its vibrancy, the food, the people, and above all, the low tax rates.

Hong Kong’s IPO market had one of its busiest periods in years this week, with more than 10 live deals vying for investor attention. But bankers in the city are concerned by the ECM market’s dislocation with the social, political and economic backdrop. Jonathan Breen reports.

Chinese social media platform Weibo Corp returned to the dollar market on Tuesday with a 10 year bond.