Northeast Asia

China’s Fulu Holdings hit the market on Monday, opening books for an IPO that could raise up to HK$890m ($114.8m).

Chinese real estate company Kaisa Group Holdings has launched a HK$4.015bn ($518m) loan to support the construction of a residential building in Hong Kong.

In this round-up, the China Securities Regulatory Commission lays out plans to attract more foreign investors, the Hong Kong police arrests 270 demonstrators for unlawful assembly, and the Shanghai and Shenzhen stock exchanges publish complementary rules for infrastructure real estate investment trusts.

Hong Kong property developer CK Asset Holdings priced its $300m bond at a record tight level for a fixed-for-life deal on Thursday.

Investors rewarded Zhenro Properties Group for selling its first green bond this week, pumping orders into the $350m transaction and allowing the issuer to price the deal at its lowest coupon ever.

Bank of Communications used its Hong Kong arm for a tightly priced dual-tranche deal on Thursday, bringing back floating rate and fixed rate combo bonds for Chinese financial credits.

Yum China, the Mainland-based fast food franchise operator, was eyeing at least HK$17.3bn ($2.2bn) in fresh equity on Friday after giving investors some price guidance for its secondary listing in Hong Kong.

Hong Kong-based conglomerate First Pacific Co had to navigate underperforming bonds from peers and difficulties around price discovery for its $350m bond return.

NewOcean Energy Holdings is seeking consent from banks to postpone a principal payment on a $150m loan signed in 2016.

In this round-up, Credit Suisse plans to increase its workforce in mainland China by 100% in five years, the central bank develops a new benchmark interest rate, and yet another US-listed Chinese firm comes under the scrutiny of the US securities regulator.

In this round-up, China plans to develop the domestic semiconductor industry amid tighter technology export controls imposed by the Trump administration, India blocks over 100 Mainland-based apps including Baidu and Alipay, and Beijing vows countermeasures if Chinese journalists fail to get their US visas renewed.

Japan’s Mizuho Financial Group came to the dollar market with a $2bn trade on Tuesday as it jumped ahead of the September funding rush.