Greater China

Chinese solar farm group Xinyi Energy Holdings has faced minimal impact from the ongoing US-China trade war as it nears the end of bookbuilding for a HK$4.4bn ($564m) IPO on the Hong Kong Stock Exchange.

Luckin Coffee has raised $561m from its Nasdaq listing after boosting the size of the original American Depository Shares (ADS) offer and closing the deal a day early, according to a banker on the mandate.

The Republic of the Philippines made a triumphant return to the Panda bond market this week, raising Rmb2.5bn ($363m) from a deal that was tighter and larger than its debut last year. Rebecca Feng reports.

The latest chapter in the US-China trade war resulted in some serious market turmoil this month. But Hong Kong seems to have avoided the worst of the volatility: the city’s stock exchange approved four applications and each issuer has hit the road. Will investors bite? Gina Lee and Jonathan Breen report.

Bond exchanges and tender offers are rising in popularity among Asian issuers, as funding officials race to beat a mountain of maturities next year. Addison Gong reports.

Chinese private education provider JH Educational Technology has set the ball rolling for its Hong Kong IPO, filing a prospectus with the city’s stock exchange, while brewing giant AB InBev has kicked off pre-marketing for a multi-billion-dollar float of its Asian assets.

Chinese construction materials provider Pujiang International Group has begun bookbuilding for its HK$852m ($109m) IPO.

Chinese issuers kept up their bond issuances on Wednesday, despite having to contend with the backdrop of the US-China trade war. Three borrowers raised a combined $840m, proving that investors are still buying a range of credits.

I overheard some young bankers in the Captain’s Bar the other day bragging about their expat packages and how many free first class flights they get here and there every year.

Chinese private education provider JH Educational Technology has filed an application to list on the Hong Kong Stock Exchange.

China’s State Development and Investment Corp (SDIC) launched a $1bn transaction on Tuesday, split between a green bond and a conventional bond. Investors shook off trade war worries to swarm both portions of the deal with orders.

Chinese drug services provider Frontage Holdings Corp has kicked off bookbuilding for its IPO, vying for proceeds of up to HK$1.60bn ($204.6m).