Hong Kong SAR

Chinese online game developer NetEase has raised HK$21.1bn ($2.7bn) from its secondary offering in Hong Kong, riding on strong investor support for its listing, according to a senior banker on the deal.

A subsidiary of China National Chemical Corp (ChemChina) has returned to the market for an €860m dual-tranche loan.

Chinese e-commerce company JD.com will open books for its Hong Kong secondary listing on Friday after the markets close, according to two sources close to the deal.

Qatar National Bank returned to offshore renminbi (CNH) bonds this week, adding a dash of variety to a market that has been dominated by Chinese names.

Real estate developer China Vanke raised HK$7.89bn ($1.02bn) on Wednesday from a sale of fresh equity.

Chinese online game developer NetEase had covered its HK$21.6bn ($2.8bn) secondary listing in Hong Kong multiple times over by the time GlobalCapital Asia went to press on Thursday. Investors have long awaited the company’s return from the US, pumping in orders as markets rallied despite numerous geopolitical headlines. Jonathan Breen reports.

Hong Kong’s bar scene caters to a broad range of clientele. Boorish expats drink in Lan Kwai Fong, huddling on street corners over cigarettes and pints of lager. Posh chancers turn to The Captain’s Bar, the Chinnery or Sevva. Creative types end up in temples of self-congratulation like Piqniq, Woobar or Feather Boa. But only the finest Bacchanalians find their way into one of Hong Kong’s hidden bars.

Hongkong Electric skipped a roadshow for its return to the dollar bond market after a four-year hiatus, relying on its rarity value and the defensive nature of the utilities sector to raise $500m.

China Pacific Insurance (Group) Co has won approval from the mainland securities regulator to move ahead with its stock offering on the London Stock Exchange.

Greentown Service Group, a Chinese property manager, pocketed HK$2.71bn ($350.2m) on Tuesday after increasing the size of a primary share placement.

China Meidong Auto Holdings turned to investors on Tuesday for up to HK$1.01bn ($130.4m) from a top-up placement, according to a source familiar with the matter.

China’s Zhongyu Gas Holdings has launched a $300m refinancing loan into general syndication.