Greater China

Bank of Jinzhou got a much-needed liquidity boost after China Great Wall Asset Management, China Cinda Asset Management and ICBC Financial Asset Investment acquired more than 17.3% of its shares.

Chinese media company Wanda Sports Group has raised just $190.4m after pricing its Nasdaq listing below the marketed range, despite having already revised down the initial guidance and size of the IPO.

Industrial & Commercial Bank of China’s London-based head of global loan syndication will be moving to the Asian Infrastructure Investment Bank in Beijing.

In this round-up, Industrial and Commercial Bank of China bought an 11% stake in troubled Bank of Jinzhou, some Star-listed companies will become eligible for trading on the Stock Connect and the People’s Bank of China (PBoC) plans to tighten supervision of financial holding companies.

Hong Kong-headquartered AMTD International has launched bookbuilding for its New York Stock Exchange listing, seeking to raise up to $176m.

Shanghai-based and Hong Kong-listed chipmaker Semiconductor Manufacturing International Corp has sold a Rmb2bn ($291m) 270-day red Panda.

Chinese provincial government-owned Shandong Hi-Speed Group Co has pushed out its maturity profile with a $1.4bn dual-tranche transaction. It priced the senior perpetual tranche at the same level as some of its bigger state-owned peers, thanks to a six times covered order book.

Chinese drilling company Honghua Group raised $200m from a rare bond from an industrial company, attracting enough investors to cover the deal by more than six times.

Chinese financial accounting platform 9F has set the ball rolling for an IPO in the US that will be worth as much as $150m.

Tencent Holdings-backed Weimob has sealed a HK$1.17bn ($150.1m) top-up placement of new stock, while a handful of the company's shareholders bagged HK$230m from a block trade.

In this round-up, two more Chinese corporations defaulted on their domestic bonds, Bank of China (BOC) said offshore bonds were cheaper than onshore in June, and the Hong Kong market welcomed ETFs targeting China’s biotech and cloud computing sectors.

In this round-up, the US and China will meet in Shanghai next Tuesday to continue trade negotiations, newly elected UK prime minister Boris Johnson showed some love to China and Mainland regulators are continuing a crack-down on real estate financing firms.