Greater China

China’s Niu Technologies has launched bookbuilding for its $103.8m Nasdaq IPO, but despite plenty of pre-deal interest, sources don't expect the trade to be a blowout.

South African investment manager Investec has appointed a former HSBC exec to strengthen its China expansion.

Two prominent Asian markets approved dual-class securities this year, but the CFA Institute this week warned of a host of risks that the structure poses to investors.

Canaan, the world’s second largest maker of cryptocurrency mining equipment, is in a waiting game with the Hong Kong bourse for its IPO to be approved.

Turbulence in China’s equities and bond markets forced Shimao Property Holdings to cull one portion of a dual-tranche dollar bond deal this week as investors shied away from the longer tenor.

Dafa Properties Group raised HK$840m ($107m) after pricing its Hong Kong IPO a few cents above the middle of the marketed range.

Yields on dollar bonds from Chinese issuers have jumped this year, but investors don’t appear to be rising to the bait. A rethink of borrowers’ fundraising strategies should be on the cards.

The London-Shanghai Stock Connect, slated to be launched by the end of the year, has the capital market’s attention, given its vast potential. But bankers and industry associations want more clarity on the operational aspects of the link.

Weidai, a Chinese peer-to-peer lender, started drumming up interest for a possible $100m IPO on the New York Stock Exchange on Monday.

Chinese stock markets led the decline among all major Asian indices on Monday, as woes in the region’s bond market also continued. Debt issuers aiming to kick off their deals this week have their work cut out for them.

Supply of asset-backed securities (ABS) is growing in China. But most international banks, investors and originators are sticking to the segment of the market they know best — auto loan ABS. To get these foreign players out of their comfort zone, China needs to introduce more diversity in the market, bankers say. Noah Sin reports.

When MSCI finally included the first batch of A-shares in its emerging markets index in June, it pushed a broad range of international investors to dip their toes in Chinese stocks for the first time. But as speculative retail flows continue to dominate the market, some are turning to opportunities outside the benchmark. Noah Sin reports.