Greater China

China Hongqiao Group, which has been accused of alleged fraud and suspended from trading for almost five months, has struck a $1bn equity financing agreement with Citic Group Corp.

Hong Kong-listed Carnival Group International Holdings is to make a cash call of up to $260m to fund expansion plans.

China Central Depository and Clearing (CCDC) published its biannual report on China’s asset backed securitization (ABS) market on August 8. It recommended regulators loosen up liquidity, provide incentives to attract more participants, and test the waters by opening an offshore ABS market. Here’s a quick guide to what CCDC said.

A raft of measures approved over the past two decades has opened the door to China’s onshore capital markets. But the Mainland still fares poorly against other countries in its pace of opening up, the International Monetary Fund (IMF) said in its latest China country report.

Chinese authorities are once again voicing their desire to get back on track with the reform agenda. But Bond Connect aside, there is not much evidence the powers that be are delivering on that promise — as the International Monetary Fund (IMF) rightly makes clear in its China country report.

A third equity banker has left the senior ranks of Goldman Sachs to join HSBC in Hong Kong, following Chito Jeyarajah’s recent exit from the US bulge bracket firm.

Harbin Bank, China Orient Asset Management and Baota Petrochemical Group are one step closer to raising funds in the international capital markets, having received regulatory approvals for foreign currency bonds.

Melco International Development is planning to spin off and list its Macau gambling and entertainment resort Studio City in the US, according to a Hong Kong Stock Exchange filing on Monday.

Hong Kong’s Wing Tai Properties is looking for a Singapore dollar denominated bond, its first debt transaction in three years.

China’s Cifi Holdings is taking orders for a perpetual non call five year bond on Tuesday, returning to the public dollar debt market after more than two years.

Nasdaq-listed YY launched a share sale on Monday that could raise around $463m based on its latest price.

Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with plans to extend after-hours trading for equity index futures contracts and will eventually extend the 'T+1 session' to 3am.