Northeast Asia

Chinese property developer KWG Group Holdings executed a swift tap last Friday to use up the rest of its fundraising quota for the year, adding $150m to its coffers.

Chinese brokerage Huatai Securities has won approval from the Mainland regulator to list Global Depository Receipts (GDRs) in London through the connect scheme with Shanghai.

China’s Kunming Dianchi Water Treatment has launched its debut offshore loan of $150m.

In this round-up, Donald Trump and Xi Jinping agreed to hold back from new tariffs for 90 days, Bloomberg received the green light from China Foreign Exchange Trade System (Cfets) to become the new trading platform for Bond Connect and CIBM Direct, and UBS obtained approval to acquire a majority share of onshore joint venture UBS Securities.

CPI Property, which owns real estate in Berlin and central and eastern Europe, entered Tokyo’s Pro-Bond market on Friday, raising ¥11bn ($97m) across three and 10 years tranches.

Three Chinese borrowers with education businesses are seeking funds from retail lenders in syndication.

Doosan Bobcat’s largest shareholder has bagged W141.9bn ($126.5m) after trimming its stake in the South Korean heavy equipment maker.

Power Construction Corporation of China (PowerChina) guaranteed a dollar bond for its real estate arm on Thursday, with the notes tightening by two basis points in the secondary market.

Australian coal producer Yancoal has raised HK$1.61bn ($206m) from its Hong Kong IPO after pricing it at the bottom of guidance.

Baidu’s video streaming platform iQiyi has raised $650m after pricing its bigger convertible bond at the investor friendly end of guidance.

Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is being spun-off and has started bookbuilding for its HK$4.28bn ($547.19m) Hong Kong IPO.

In this round-up, the China Banking and Insurance Regulatory Commission (CBIRC) published 18 new regulations for foreign banks in China, the People’s Bank of China (PBoC) has not injected money through reverse repo for a number record number of days and Spain and China sign MoU for closer financial collaboration and potential Panda bonds.