CITIC Securities

Chinese e-commerce company JD.com covered its Hong Kong secondary listing within a few hours of opening bookbuilding late last Friday evening, with orders continuing to pour in on Monday.

Two foreign issuers and a red-chip company tapped China’s onshore renminbi bond market this week, taking home Rmb6.2bn ($875m). Two more red-chip borrowers are waiting in the wings, with their deals slated for next week.

Chinese e-commerce company JD.com will open books for its Hong Kong secondary listing on Friday after the markets close, according to two sources close to the deal.

Real estate developer China Vanke raised HK$7.89bn ($1.02bn) on Wednesday from a sale of fresh equity.

Cambricon Technologies Corp is one step closer to debuting on China’s technology-focused Star Board, having received the go-ahead from the bourse in just over two months.

Greentown Service Group, a Chinese property manager, pocketed HK$2.71bn ($350.2m) on Tuesday after increasing the size of a primary share placement.

Citic Securities Co made its first dollar bond outing of the year on Wednesday, raising $1bn from a dual-tranche deal.

Toyota Motor Finance (China) sealed a Rmb4.5bn ($629m) dual-tranche auto securitization deal on Wednesday. Its return to the onshore market was the latest in a series of tightly priced auto ABS outings.

Chinese online payments platform Yeahka rode on strong demand from both institutional and retail investors for its Hong Kong IPO, to price the HK$1.64bn ($211.9m) deal at the top of guidance.

Yeahka, a Chinese online payments platform, has launched its Hong Kong listing of up to HK$1.6bn ($212m).

Toyota Motor Finance (China) Co is set to price a Rmb4.5bn ($633m) auto loan ABS next week, bringing to the market only its second deal in two and a half years. The 11-member underwriting group has eight foreign banks.

Genius Auto Finance sealed a Rmb4bn ($563m) three tranche auto loan ABS on Thursday, piercing through a razor-thin 2% coupon level for the senior tranches.