Northeast Asia

Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.

Property management company Zhenro Services Group is set to list in Hong Kong after getting the nod from the city’s stock exchange listing committee.

China Aoyuan Group used up the last of its debt issuance quota this week to raise $460m from the bond market.

In this round-up, the Ministry of Finance plans to double the size of its already issued special treasury bonds, the government removes some restrictions for foreign investment in the 2020 negative lists, and the former richest man in China and founder of Gome is released from jail after 10 years.

In this round-up, China and the United Arab Emirates launch the phase three clinical trial for a coronavirus vaccine, the origin of nearly all the new infections in Beijing has been confirmed, and an adviser to the Donald Trump administration stirs the market with comments on the Sino-US trade deal.

CNQC International Holdings, a real estate developer, is tapping the Hong Kong market for a $150m club loan

The Airport Authority Hong Kong has boosted the size of its loan to HK$35bn ($4.5bn), after receiving a strong response during syndication.

A flurry of overnight block trades hit Hong Kong's equity market this week.

Shenzhen Hepalink Pharmaceutical Group launched its Hong Kong IPO this week, targeting proceeds of HK$4.53bn ($585m).

Taiwanese company Inventec has become a rare example of a company in Asia that has tweaked its loan structure to prepare for the discontinuation of Libor. Progress is still slow, but banks are slowly coming to grips with the big task ahead of them, as the market moves to a new lending benchmark. Pan Yue reports.

Sino-Ocean Capital, an alternative investment and asset management business, leaned on its parent company Sino-Ocean Group Holdings to sell its first public dollar bond on Tuesday. But not every investor took comfort from the parent’s backing.

Chinese property company Agile Group Holdings’ new $500m bond tumbled in the secondary market on Wednesday after the firm took an aggressive approach to pricing.