Northeast Asia

In this round-up, the Chinese Communist Party (CCP) said it will strengthen the country’s ideological and institutional design, the Chilean government called off a planned Apec meeting and the State Administration for Market Regulation (SAMR) and the People’s Bank of China released a list of certified fintech products.

South Korean defence and information technology firm Hanwha Systems priced its IPO at the bottom of the range on Friday after a poor showing from investors at home and abroad, according to a source close to the deal.

In this round-up, China’s manufacturing Purchasing Managers’ Index fell below market expectation in October, Moody’s will acquire a minority stake in SynTao Green Finance and the People’s Bank of China will issue Rmb30bn ($4.3bn) of bills in Hong Kong next week.

It's no secret that tensions between North and South Korea are always simmering. But it is still a bit shocking to be confronted with the possibility that a potential disaster is right on your doorstep.

Chinese conglomerate Fosun International turned to Europe for its fundraising efforts this week, enticing investors to a €400m high yield rated bond.

Morgan Stanley-backed China Feihe, a producer of infant milk formula, hit the road this week to drum up interest in its Hong Kong listing.

The People’s Republic of China has caused a stir among DCM bankers in Asia and Europe with plans to return to the euro bond market for the first time since 2004. While expectations on opposite sides of the world are starkly different, what is clear is that the sovereign’s deal will be less about the pricing itself and more about making a statement. Addison Gong and Burhan Khadbai report.

Agricultural Development Bank of China, one of three Chinese policy banks, bagged Rmb5.5bn ($781m) from a popular dual-tranche offshore renminbi bond on Wednesday, adding some life to the moribund dim sum market. Rebecca Feng reports.

UBS Securities has become the first foreign-owned joint venture to sponsor a listing on Shanghai’s Star Market, where underwriters have to invest in the listings they bring to market.

State Grid Corporation of China is seeking a loan to support its $2.23bn acquisition of Sempra Energy’s Chilean business. Even though it is a time of turmoil in Chile, lenders are bidding aggressively for the deal, owing to the state-owned Chinese company’s strong credentials, writes Pan Yue.

Zhenro Properties Group returned to the dollar bond market for the ninth time in 2019 on Wednesday. The real estate borrower raised $300m from what is likely to be its last deal of the year.

SinoMab BioScience, a biopharmaceutical firm, has started taking orders for its up to HK$1.7bn ($223m) Hong Kong IPO.