In a proposal to bondholders, Hong Kong-listed Powerlong aims to pay 5% of principal on the due date of the bonds, 15% after six months, and the final 80% after 12 months, sources said.

China bonds registered $2.5 billion of outflows last month, the fifth consecutive month of foreign outflows, but over $9.1 billion of foreign inflows went into China's stock market in June, the IIF said

KDDI shares declined about 4% on Monday after the biggest outage in the history of Japan's No-2 wireless carrier hit almost 40 million users

The new firm will take over rights and obligations of Sakhalin Energy Investment Co, in which the two Japanese companies and Shell hold just under a 50% stake

The company had been planning to raise $6 billion last year, but put the deal on hold in December because of the impact of the pandemic and volatile financial markets

New York-based Grizzly Research alleged that China EV manufacturer Nio used creative accounting to inflate its net income margins. Nio said on Thursday the claims had no merit and 'contained errors'.

Shares of Tencent Holdings, China's gaming giant, fell as much as 2.5% to HK$374.60 in the afternoon on Monday, after Prosus and Naspers said they would gradually sell shares in the firm

Stocks were up in Asia on Friday with South Korea enjoying the largest daily jump in 16 months, while tech shares helped lift markets in China, Japan, and Australia

The A$76 million ($52 million) investment would make Stellantis the company's second-largest investor with an 8% holding

The Chinese company, often compared with Spotify, was looking to raise up to $100 million

China plans to launch stock index futures and options based on the CSI1000 index, which tracks small caps listed in Shanghai and Shenzhen.

Toshiba shares rose 5.3% in Tokyo early on Thursday, outperforming a 0.8% rise in the benchmark Nikkei average