Hong Kong SAR

China New Higher Education Group (CNHE) has raised HK$914.9 ($117.7m) after pricing its IPO near the mid-point of guidance and exercising its greenshoe in full, according to a source close to the deal.

Bank of Communications, which is planning to spin off its investment banking arm BoCom International Holdings, has set the deadline for recording the share entitlement of existing shareholders.

Kingboard Chemical Holdings is selling a block of shares in Kingboard Laminates Holdings, with the fixed price offering expected to raise HK$1.2bn ($152.5m).

UBS has appointed May Yan as a managing director to lead its equity research coverage of Greater China financials, according to a memo seen by GlobalCapital Asia.

Yida China Holdings, Peking University Founder Group Company, Red Star Macalline Group Corp and HKICIM Group are looking to hit the offshore debt market, mandating banks for their respective Reg S transactions on Monday.

The State Administration of Foreign Exchange (Safe) reports rise in foreign reserves, China Insurance Regulatory Commission (CIRC) chief is under investigation over misconduct, and no formal agreement emerges following Xi Jinping’s meeting with Donald Trump.

Road King Infrastructure (RKI) is spinning off its expressway business in Hong Kong via an IPO that could fetch $500m in the third quarter, said sources close to the deal.

Mainland authorities have promised that the China-Hong Kong Bond Connect will launch this year. But several questions remain on how the scheme will handle price discovery and clearing, according to post-trade services provider DTCC, which is working with CFETS on its own onshore-offshore link.

Regal Hotels International Holdings locked in $225m on Thursday from a fixed-for-life perpetual non call five on the back of over $1bn of demand at its peak. While the issuer timed its deal well, it was not everyone’s cup of tea, said bankers.

Two groups of vendors exited their holdings in two Asian firms this week, with block trades in Hong Kong-listed Imax China Holding and South Korea’s Kakao Corp raising a combined $278.1m.

ING Life Insurance Korea launched bookbuilding for its W1.3tr ($1.2bn) IPO on Thursday, in a deal helmed by five firms.

China Everbright Greentech (CEG) is drumming up interest for a $500m Hong Kong IPO, with investor meetings starting this week, said bankers on the deal.