Greater China

Chinese biotechnology firm Zai Lab is tapping equity investors for around $150m, hitting the market with a follow-on sale of American Depository Shares (ADS).

The Hong Kong Green Finance Association (HKGFA) is poised to launch later this month, triggering a new set of efforts in the city to encourage private sector participation in green financing.

Dollar bond issuance from China’s local government financing vehicles (LGFVs) has picked up in recent weeks, but a roadblock to a planned onshore deal from Qinghai Provincial Investment Group has once again turned the spotlight on government support for these fundraisings.

Sinopharm Holding China Finance Leasing, a unit of state-owned China National Pharmaceutical Group, is tapping offshore banks for a $200m term loan.

LAIX, which runs English teaching app Liulishuo, is planning to float on the New York Stock Exchange for up to $100m.

Mainland-based men’s fashion company GXG is eyeing a listing in Hong Kong, tapping three banks to sponsor the IPO.

Vicky He has joined Credit Suisse in the newly-created position of head of syndicate for north Asian loans, after spending a year at Standard Chartered.

Grand Baoxin Auto Group has launched a $200m three year loan into general syndication, shaving 16bp off the top-level pricing from a year ago.

In this round-up, Donald Trump says more tariffs on Chinese imports are likely, the Chinese authorities release the first London Connect details under public consultation, and State Administration of Foreign Exchange (Safe) adds Ray Dalio's hedge fund to the list of RMB qualified foreign institutional investors.

Beijing Kunlun Tech is planning to float Grindr, the popular gay dating app, according to a stock exchange filing from the Chinese parent.

Overwhelming support for Aluminum Corporation of China’s (Chalco) $400m three year bullet bond allowed the issuer to price through its parent company’s curve on Thursday.

China Ping An Insurance Overseas (Holdings) hit its $500m target on Thursday with its inaugural public bond, narrowly escaping a change in market sentiment overnight due to the latest trade threat from the US.