Haitong Securities

Shanghai Dazhong Public Utilities Co and VPower Group International Holdings seem unfazed by any market mayhem that may follow the US presidential election, as both prepare to launch $300m Hong Kong IPOs on Thursday this week.

China’s Huishang Bank Corp sealed a lucky $888m additional tier one transaction on Thursday. The deal was not only the Chinese lender’s inaugural dollar-denominated AT1 but also the first from a city commercial bank in the country.

China’s Huishang Bank Corp rolled out its inaugural dollar-denominated additional tier one bond on Thursday, the first from a city commercial bank in the country.

Wuhan Metro Group and Jiangsu Zhongguancun Science Park Holding Group added their names to the growing list of Chinese local government financing vehicles (LGFVs) sealing inaugural dollar bonds in the international market this year.

Wuhan Metro Group and Jiangsu Zhongguancun are the latest Chinese corporates to launch inaugural dollar bonds, while Huishang Bank has issued a mandate for additional tier one, it’s first offshore transaction.

Shanxi Road & Bridge Construction Group printed a three year bond on October 28. The trade is expected to set the pricing benchmark for Local Government Financing Vehicles from the province — which are looking to diversify funding channels by going offshore.

Mason Financial Holdings has proposed a rights issue of over 20bn new shares in an attempt to raise HK$2.9bn ($373.9m) of fresh capital.

Three Chinese corporates hit the debt market on Thursday on a busy day of issuance in Asia. Beijing Capital Development Holdings (Group), Golden Wheel Tiandi Holdings Company and a financing vehicle from Guangxi raised a combined $900m from deals.

Chinese fashion house JNBY sealed a HK$800.0m ($103.1m) IPO this week after pricing off the bottom of guidance, according to a source close to the deal.

Guangdong Kanghua Healthcare Co has gone live with its Hong Kong IPO and begun taking orders for a HK$1.2bn ($154.7m) listing.

Beijing Capital Development Holdings (Group) Co,also known as Shokai Group, is preparing for a dollar-denominated bond.

Yuzhou Properties Co’s latest bond had a bumpy ride this week as it struggled to garner interest for a longer tenor and one of its joint global co-ordinators dropped out.