Greater China

The Hong Kong Stock Exchange and its counterparts in Shanghai and Shenzhen reached a consensus to include companies with dual-class shares on the southbound trading of Stock Connect.

Xinyi Energy Group is looking to make its debut on the Hong Kong Stock Exchange at the end of next week, as it seeks up to HK$4.5bn ($582.3m) from its IPO.

Ever Sunshine Lifestyle Services Group has pocketed HK$638.4m ($81.7m) after pricing its IPO below the mid-point of guidance, according to a source close to the deal.

Shanghai Junshi Biosciences has kicked off bookbuilding for its potential HK$3.24bn ($414.4m) IPO.

In this round-up, the People’s Bank of China (PBoC)’s foreign exchange reserves increased for the first times in three months, BNP Paribas became the third international bank to receive a lead underwriting license for corporate Panda bonds, China’s exchanges agreed on including weighted voting rights stocks in Stock Connect trading.

Logan Property Holdings Co made a quick venture into the market on Thursday to use the remainder of its offshore issuance quota for the year. The typically price-sensitive issuer willingly left something on the table for investors this time around to ensure their support in 2019.

China’s Haitong Securities priced a dual-currency transaction on Thursday, heading to the euro market for cheaper funding. Another issuer, Peking University Founder Group, was looking to price an up to €100m deal on Friday.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, has raked in HK$3.34bn after sealing its IPO at the bottom of the indicative range.

Mainland firm China East Education Holdings is seeking the greenlight to launch an IPO in Hong Kong.

In this round-up, Trump was confident China would deliver on promises from G20 dinner, China signed several cooperation agreements in Panama and Argentina, China Financial Futures Exchange (CFFEX) planned to lift bans on trading stock-index futures to boost market activity.

WuXi AppTec priced its IPO at the mid-point of the range to raise HK$7.92bn ($1.01bn), despite the deal being oversubscribed at the upper end of guidance, according to a source close to the listing.

Software company AsiaInfo Technologies launched bookbuilding this week for a potential HK$1.16bn ($148.5m) listing in Hong Kong, after securing Baidu’s holding company and a Lenovo Group subsidiary as cornerstone investors.