Greater China

Chinese social media platform Weibo Corp raised $800m from its inaugural dollar deal, with the bond tightening by 10bp in the secondary market on Thursday.

Hong Kong’s Securities and Futures Commission and its anti-corruption watchdog teamed up for an investigation that led to the arrest of three former members of the Hong Kong Stock Exchange’s IPO vetting team. While the issue has put the spotlight on SFC’s and HKEX’s often tumultuous relationship, market watchers say any impact on the city’s equity capital markets will be limited. Rashmi Kumar reports.

China International Marine Containers has launched its HK$2.14bn ($274m) spin-off of CIMC Vehicles on the Hong Kong Stock Exchange.

China’s tighter grip on offshore bonds from local government financing vehicles (LGFVs) has given a short-term boost to issuance volume in the past few weeks. But although the deal flow from the sector is set to slow down, concerns over LGFV risks are far from over.

Budweiser Brewing Company Apac will wrap up investor education and launch its much anticipated $5bn to $7bn listing on the Hong Kong Stock Exchange next week.

The People's Bank of China priced two tranches of offshore renminbi notes worth Rmb30bn ($4.36bn) on Wednesday, ahead of a planned CNH debut by the Ministry of Finance in Macau next week.

Chinese retailer Miniso is looking at floating on either the Hong Kong Stock Exchange or in the US, according to a source close to the situation.

United Asia Finance, a personal loan provider in Hong Kong, is seeking a HK$1.6bn ($205m) borrowing in syndication.

Shanghai Shangshi (Group), part of Chinese state-owned Shanghai Industrial Investment Holdings, is tapping the offshore loan market for $190m.

CMB Financial Leasing raised $1bn from two dollar bonds on a day that a number of Chinese local government financing vehicles (LGFVs) and property developers also cashed in on the conducive market backdrop for new issuance.

New York-listed Qudian is seeking $250m from a convertible bond, with the company entering into capped call transactions with investment banks — an increasingly popular tool being used by issuers recently.

Credit Suisse's head of loan syndicate for north Asia has left the bank.