Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
Agile Property has become the third Chinese developer in four weeks to announce an equity rights issue to address its high leverage ratio.
Bank of China has received written approval from the China Securities Regulatory Commission to issue offshore AT1 preferred shares of up to Rmb40bn (US$6.5bn). The 400m preferred shares to be offered may be listed on The Stock Exchange of Hong Kong.