Greater China

Nine mandated lead arrangers and bookrunners have invited lenders to join the international loan market debut of Ant Financial subsidiary, Alipay (Hong Kong) Holding. The money will partly be used to support Ant’s bid to acquire MoneyGram.

China New Higher Education Group has launched the deal roadshow for its potential HK$921.6m listing, according to a term sheet seen by GlobalCapital Asia.

The Shanghai free-trade zone offers a side door into China’s A-share market for international companies, but the arduous process means so far it has received little attention. But with regulators planning to make the process easier, international companies should start paying attention.

Beijing Enterprises Holdings Limited is eyeing a new euro issuance, two years after its debut in the currency.

The RMB hub in Frankfurt could benefit from London’s loss of Euro-clearing privileges, but for now the focus remains on developing existing platforms including the ground-breaking Sino-German joint venture exchange, Jochen Metzger, director general for payments and settlement systems, Bundesbank, told GlobalRMB.

Peer-to-peer lender China Rapid Finance is vying for approval to float in the US, having filed preliminary documents with the Securities and Exchange Commission.

Chinese property developer Yanlord Land Group is mulling increasing the size of its latest borrowing after over $1bn of commitments poured in for the $600m loan.

More details emerge on the seven new free trade zones (FTZs), State Administration of Foreign Exchange (Safe) releases more foreign investment quotas, and China responds to US executive orders on trade ahead of Xi Jinping’s meeting with Donald Trump on Thursday.

Shanghai Sinooil Energy Holding Hong Kong, a unit of China Energy Reserve and Chemicals Group, has had commitments from 23 banks during syndication of its debut $400m offshore loan.

Guotai Junan Securities Co has wrapped up its HK$16.5bn ($2.1bn) IPO, after a flood of late demand.

CK Hutchison Holdings, through CK Hutchison International (17), raised $1.8bn across two tranches on Thursday while competing with seven other issuers in the busy Asia debt market.

Chinese iron and steel making conglomerate Hesteel Group Co has snapped up $500m on the back of a price rally in the steel sector onshore, with bankers praising the company’s efforts to woo accounts during a roadshow.