China’s new investment regulations set to weigh heavily on foreign firms


Key pillars of the new law will remove a major threat to investors in its massive technology sector, while putting thousands of overseas companies on notice they may need to renegotiate joint ventures in China.

China Digest: Yunhu Tech raises Series A+; Sequoia backs Jushuitan

Yunhu Technology has secured tens of millions of RMB in Series A+ financing led by China Creation Ventures.

China’s OTC market firms cross over to Shanghai’s Nasdaq-style new tech board

Four companies have already decided to ditch Beijing’s New Third Board, and apply for a listing on Shanghai’s Science & Technology Innovation board.

Hony Capital, TPG Growth co-lead $700m funding in STX Entertainment

The funding secured by the media and entertainment company is a combination of equity and debt refinancing.

IFC may extend $10m loan to Chinese poultry firm Shandong Hekangyuan

The loan support will help the poultry firm expand its duck breeding capacity in Jilin, Inner Mongolia and rural Shandong.

StanChart sees senior private banker exits in Asia as unit earnings slide

Among those who left the bank in the past six months include Teddy Kwong, MD and market head for Hong Kong, and Peter Lam, MD and team leader for HK.

China’s Dongzheng Automotive Finance seeks $428m in Hong Kong IPO

Dongzheng Automotive is entering a relatively quiet Hong Kong market for first-time share sales. Deals in the city have raised $1.4 billion this year, about half of the total volume during the same period in 2018.

SoftBank to plough $1.6b more into loss-making Didi Chuxing, says Son

SoftBank first invested in Didi Chuxing’s $4.5-billion funding round in 2016 and then made an additional investment in 2017 when it backed the Chinese firm’s $4-billion round.

Jim Rogers-backed Tiger Brokers seeks to raise up to $91m in US IPO

One of its principal shareholders, Xiaomi Corporation, has indicated an interest in purchasing up to $5 million worth of ADSs in the offering.

Luckin Coffee chairman said to tap banks for $200m loan in exchange for IPO role

While it is not uncommon for Chinese companies to raise loans from banks hoping for a mandate on an IPO, it is rare for executives or shareholders to request such personal financing.