Hong Kong SAR

Chinese telecommunications software provider AsiaInfo Technologies launched investor education for its Hong Kong float on Monday.

Shanghai Dongzheng Automotive Finance Co has filed a draft prospectus with the Hong Kong Stock Exchange for its IPO.

In this round-up, People’s Bank of China (PBoC) signs a currency swap with Indonesia, Shanghai and Shenzhen Stock Exchanges publish rules to limit the length of trading halts, and the Chinese authorities publish new rules to boost the domestic free trade zones (FTZs).

Sinochem Energy has delayed its Hong Kong listing until 2019, according to a source close to the deal.

In this round-up, China and the Philippines sign Memorandum of Understanding (MoU) for a new Panda issuance, survey finds that 64% of Chinese investors choose to invest domestically rather than overseas, and foreign firms are getting approvals to help China build a nationwide credit information monitoring system.

Coal producer Yancoal will start bookbuilding early next week for a Hong Kong IPO, making it the first Australian-listed company to have a dual listing in Hong Kong, according to a banker close to the deal.

Babytree Group and Tongcheng-Elong Holdings both got their Hong Kong IPOs past the finish line this week, as equity markets globally continue to get battered by volatility.

Chinese online educator Koolearn Technology Holding has launched pre-marketing for its Hong Kong IPO at a time when the mainland government is stepping up regulation of the private education sector.

Chinese property developer Country Garden Holdings has pocketed HK$7.83bn ($1bn) after using a call spread for a concurrent new issue and buy-back of existing convertible bonds — a popular structure in the US but groundbreaking for Hong Kong. Jonathan Breen reports.

China ZhengTong Auto Services Holdings is looking to spin off its subsidiary Dongzheng Automotive Finance Company through a listing in Hong Kong.

Government-backed energy firm Beijing Enterprises Clean Energy (BECE) is marketing its first Panda, a Rmb1.2bn ($173m) renewable corporate bond, as a green bond.

Babytree Group has bagged HK$1.7bn from its IPO after pricing it at the bottom of guidance amid volatility in equity markets.