Northeast Asia

Chinese online game streaming platform DouYu has launched a Nasdaq IPO, having delayed its plans in May amid tumultuous markets.

Shimao Property Holdings and China Overseas Land and Investment took advantage of a strong market backdrop and renewed investor interest in duration to price seven and 10 year bonds, respectively.

Posco, the South Korean steel firm, has sold its first sustainability bond, raising $500m and attracting investors to its solid investment grade credentials.

Beijing Infrastructure Investment, a Chinese local government finance vehicle (LGFV), returned to the international bond market on Tuesday, raising $200m at a tight price.

China’s Wolong Electric Group is tapping the offshore market for the first time, seeking a €150m loan through sole lead bank Standard Chartered.

Former Credit Suisse banker Jinzi Huang has joined HSBC as an associate director for structured finance and illiquid distribution.

China’s overnight interbank collateral repo rate fell to a five year low late on July 4, indicating ultra-flush liquidity in the interbank market. But the city-level commercial banks and private enterprises that are in dire need of the liquidity remain thirsty.

In this round-up, 25 companies will be listed on the Shanghai Stock Exchange’s new tech board on July 22, China’s FX reserves climbed to a one year high and the China Securities Regulatory Commission (CSRC) is set to give permission to domestically funded securities houses after a 10-year hiatus.

Deutsche Bank’s plan to exit its equities sales and trading businesses globally as part of a far-reaching overhaul of its operations has led to many departures in Asia.

Debt-laden Kangde Xin Composite Material Group is facing punishment from a Chinese regulator for inventing Rmb11.9bn ($1.73bn) of profits on its book over the past four years despite being loss-making, and could be forced to exit the A-share market.

Hong Kong-listed Jiayuan International Group has wrapped up an exchange-plus-new money offering worth $225m.

Hong Kong-listed pharmaceuticals company United Laboratories International Holdings is tapping the loan market for a HK$1bn ($128m) deal, almost six years after cancelling a smaller facility.