Yankee, Samurai, Kangaroo: Foreign Bonds Explained
Yankee, Samurai, Kangaroo, Panda, Dim Sum — a field guide to foreign-currency bonds: what each is, where it trades, who regulates it, and why issuers use them.
China
Market coverage of Chinese companies, policy decisions, trade, and economic data with relevance to global investors. Articles distinguish official releases and company disclosures from market interpretation.
Zhongji Innolight Raises $6.81B in Hong Kong’s Top 2026 IPO
China’s Zhongji Innolight priced a $6.81 billion Hong Kong listing at HK$980 a share, the exchange’s biggest IPO of 2026 and Asia’s second-largest, ahead of a July 30 debut.
CXMT Pops 466% in Shanghai IPO; U.S. Memory Stocks Slide
China’s CXMT surged 466% in its $8.6B Shanghai debut, becoming the country’s most valuable A-share and sending Micron, SanDisk, and SK Hynix sharply lower.
Yum Brands Sells Pizza Hut for $2.7B in Two-Part Deal
Yum Brands is offloading Pizza Hut for $2.7 billion in a two-part deal with LongRange Capital and Yum China to refocus on KFC and Taco Bell.
Blackstone Asia PE Fund Closes at Record $13.1B
Blackstone Capital Partners Asia III closed at $13.1 billion, topping its $10 billion target and more than doubling its predecessor.
China’s $885M Hong Kong Green Bond Debut Draws 10x Demand
China sold 6B yuan of sovereign green bonds in Hong Kong on May 28 — a 10x covered debut at 1.42% (3Y) and 1.56% (5Y).
EU Opens FSR Probe Into JD.com’s $2.5B Ceconomy Bid
Brussels launched an in-depth Foreign Subsidies Regulation probe into JD.com’s EUR2.2B/$2.5B takeover of MediaMarkt-Saturn parent Ceconomy AG.
Futu Plunges 27% on $271M China Penalty; Tiger Hit Too
Futu Holdings dropped 26.9% Friday after the CSRC proposed a ~$271M penalty for unlicensed mainland brokerage. Tiger Brokers fell 25.3% in sympathy.