china huarong

The listing is intended to help fund growth but China's largest bad loan manager will be hostage to the large IPO pipeline in Shanghai.

The distressed debt house's float is weak compared to peers, but the successful completion on the back of cornerstone commitments is key to Beijing's market liberalisation plans.

China’s largest reinsurer drew a strong response from investors for its jumbo deal, which should raise investor expectations for upcoming Hong Kong IPOs.

Ten mainly Chinese state-backed cornerstone investors have committed $1.6 billion for approximately 70% of the shares on offer.

With the global roadshow kicking off this week, the offering is already fully covered thanks to strong Chinese SOE cornerstone support and a range of anchor investors.

The Hong Kong exchange looks set to close the year with over half of its IPO volume coming from financial institutions, with several sizable listings due by year-end.

The deal has now won approval but could be delayed by China's fraught stock market conditions and the poor performance of peer China Cinda.

China’s second largest bad debt manager is the first Asian corporate this year to raise foreign debt.

Sumitomo Mitsui, DBS and China Huarong collectively raise close to $6 billion overnight as investors continue to scramble for yield, defying summer lull expectations.