Guotai Junan Securities Co

Industrial and Commercial Bank of China New York opened bookbuilding for a dual-tranche senior dollar bond on Thursday, while Future Land Development Holdings has started wooing high yield investors with a new two year offering.

Bank of Jinzhou Co has filed afresh for a $600m IPO in Hong Kong, which was delayed in June due to regulatory issues and scrutiny around its loan exposure to the Hanergy Group.

Jujiang Construction Group has filed for an IPO on the Hong Kong Stock Exchange (HKEx) with Guotai Junan International leading the trade as sole sponsor.

Bi Feng Tang (Group) Holdings Corp has tapped Morgan Stanley as the sole sponsor for its proposed IPO in Hong Kong, with the casual restaurant chain filing a draft prospectus on September 4.

Some market observers are concerned China’s first margin loan ABS could be sowing the seeds of a new crisis. But it's too early to condemn such a new product — and one that regulators will be watching closely.

Guotai Junan’s Rmb500m ($80.6m) ABS has set a new landmark in China's securitization market, which has welcomed a raft of new asset classes this year. But while the opening up of a new funding channel for Chinese brokers has excited some market participants, others are worried it could deepen the country’s margin financing troubles.