Northeast Asia

Chinese property developer JY Grandmark Holdings has launched a roadshow for an up to HK$1.45bn ($185.5m) Hong Kong listing. A source close to the situation said the IPOs timing is right, despite the turmoil in the special administrative region.

In this round-up, US president Donald Trump threatened to raise tariffs again if a phase one deal is not reached, China is planning to set up a fund to promote its manufacturing industry and the US Senate passed the Hong Kong Human Rights and Democracy Act.

A shareholder group in Chinese education technology firm GSX Techedu have bagged $252m after selling a chunk of its US-listed stock.

In this round-up, the China Europe International Exchange (Ceinex) is working on establishing a Stock Connect scheme between China and Germany, the National People’s Congress criticises the Hong Kong High Court’s decision around the anti-mask law and the People’s Bank of China lowers its benchmark interest rates.

Chinese company Genetron Holdings has filed initial IPO documents with the US regulator just days after getting a fresh injection of capital from a Vivo Capital-led private funding round.

Chinese distressed debt manager Zhongyuan Asset Management Co made its first foray into the offshore market on Thursday, raising $400m from a three year bond.

Shandong Ruyi Technology Group Co and Shandong Yuhuang Chemical Co saw their respective dollar bonds plummet in the secondary market, as concerns rose on their debt repayment abilities.

Yuzhou Properties Co became the latest Chinese borrower to wrap up its offshore issuance quota for the year after selling a $500m bond on Thursday.

Anton Oilfield Services Group returned to the the dollar market on Thursday after a two-year break. The company's story has changed since its last bond sale, and investors were ready to embrace the improved credit.

The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.

Veteran Citi banker Pramit Jhaveri is retiring, bringing the curtain down on a 32-year career at the US firm.

Zhuhai Da Heng Qin Investment, the holding company of land developer Zhuhai Da Heng Qin Co, came back to the dim sum market on Wednesday, sealing a Rmb800m ($114m) two year green bond.