M&A

• Black Spade Acquisition $23 billion combination with VinFast
• Provident Acquisition $1.02 billion combination with Perfect
• FiscalNote combination with Duddell Street Acquisition

U.S. Listings

• Chagee, Pony AI, Black Spade Acquisition, Gobi Acquisition, Magnum Opus Acquisition, Missfresh, Summit Healthcare Acquisition, Full Truck Alliance, Waterdrop, Onion Global, Tuya, Adagene, Provident Acquisition, Kuke Music, Gracell Biotechnologies, Genetron, Kingsoft Cloud, LIZHI, I-Mab, Molecular Data, 36Kr, ECMOHO, Youdao, 9F Inc., Up Fintech Holding (Tiger Brokers), Tencent Music Entertainment, MOGU, CNFinance, Studio City, Cango, Uxin, Puxin, iClick Interactive, Sogou, Zai Lab, Sea Limited, RISE Education, iDreamSky Technology, Xunlei, Zhaopin, JD.com, Cheetah Mobile, Taomee, ChinaCache, Xueda Education, Zuoan Fashion, RDA Microelectronics, Baidu, Changyou, Shanda Games, Himax Technologies, Advanced Semiconductor Engineering

HKEX IPOs

• Mirxes, Interra Acquisition, CANbridge Pharmaceuticals, HUTCHMED, Baidu, Antengene, NetEase, Akeso, Venus Medtech, CStone Pharmaceuticals, BeiGene, Razer, Orient Securities, AAG Energy, BAIOO, Kerry Logistics Network, Forgame, PICC, China Yongda Automobiles, China Communications Services, Prada, China Flooring, Air China, China Merchants Bank, Aluminum Corporation of China, KWG Property

Debt and Equity-Linked

Investment-Grade Debt

• Tencent Music Entertainment debut $800 million SEC-registered notes offering
• Tencent $300 million Reg S private bond offering
• CNOOC $4 billion SEC-registered guaranteed notes offering
• Baidu $1 billion SEC-registered notes offering
• Sinopec $3.5 billion Rule 144A/Reg S notes offering
• Temasek $1.7 billion Rule 144A/Reg S notes offering
• PT Pertamina (Persero) $2.5 billion Rule 144A/Reg S senior notes offering
• Several schedule B debt offerings by Export-Import Bank of Korea, Korea Development Bank and Korea Hydro & Nuclear Power

High-Yield Debt

• China Aoyuan Property $100 million Reg S high-yield notes offering
• China Orienwise $100 million Rule 144A/Reg S high-yield notes offering
• Asia Aluminum $535 million Rule 144A/Reg S high-yield notes offering
• Galaxy Entertainment $600 million Rule 144A/Reg S high-yield offering

Convertible Bonds

• Convertible and exchangeable bond offerings by Zhongsheng Group, Advanced Semiconductor Engineering, Asia Cement, 51job, YY Inc., Canadian Solar, China Power International, Ctrip, JinkoSolar, ReneSola, Shanda Interactive, Solarfun Power and SK Telecom