UBS faces 18-month sponsor ban for Hong Kong IPOs

Hong Kong’s market regulator is planning to ban UBS from sponsoring any IPOs in the city for 18 months, according to a section in the bank’s 2017 annual report released on Friday.

  • By Jonathan Breen
  • 09 Mar 2018

The Securities and Futures Commission (SFC) contacted UBS this month with a notice of the penalty, which also includes a HK$119m ($15.2m) fine, giving it a chance to appeal.

The bank is in the process of appealing both the ban and fine, GlobalCapital Asia understands.

A UBS spokesperson ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,358.51 68 8.04%
2 Morgan Stanley 12,834.37 54 6.72%
3 Citi 12,320.61 78 6.45%
4 UBS 9,710.87 63 5.08%
5 China International Capital Corp Ltd 9,472.18 34 4.96%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 19,148.80 161 7.35%
2 Citi 19,111.99 121 7.34%
3 JPMorgan 12,650.91 74 4.86%
4 Bank of America Merrill Lynch 11,915.50 74 4.58%
5 Goldman Sachs 10,514.07 49 4.04%

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