Asia Pacific

Hong Kong’s market regulator has warned that it may broaden its investigations into IPO sponsors, as it looks to act on other cases that have been brought to its attention.

In a rollercoaster day for markets, the renminbi had a rocky start before gaining ground against the dollar as news on the US elections unfolded. But volatility is likely to continue in the coming days as markets get to grips with Donald Trump’s victory.

Credit Suisse has made a new hire in its Chinese securities joint venture, naming Steven Zhang as head of sales trading to oversee its onshore brokerage operations.

Singapore Exchange has completed its takeover of the Baltic Exchange in London.

Do not be reassured by the checks and balances narrative. The US presidential election matters desperately. Either the US will be in a position to keep leading the world, or it won’t.

Chinese property company Zhongshan Dasin Holdings is raising funds worth $419m in two currencies and multiple tenors.

The crushing of recent Hong Kong IPOs in secondary and the anxiety it has caused among investors has led to much finger-pointing in the ECM fraternity. But to lay the blame squarely at the feet of a single bank or deal is hardly fair. In an IPO market strewn with casualties, everyone has to share the responsibility.

A subsidiary of Malaysian telecommunications company Axiata Group, which approached the loan market for $100m in June, is overhauling and increasing the financing to $400m to fund potential acquisitions.

Shanghai Dazhong Public Utilities Co and VPower Group International Holdings seem unfazed by any market mayhem that may follow the US presidential election, as both prepare to launch $300m Hong Kong IPOs on Thursday this week.

Zhongshan Dasin Holdings Co is planning to float a real estate investment trust on the Singapore Exchange via an IPO that could be worth around $400m, according to a source familiar with the matter.

Indonesian television broadcaster MNC Sky Vision has cut its latest fundraising to $170m — the second time it has reduced the deal size. The loan, which had been in general syndication since late June, attracted three commitments from retail lenders.

The Shenzhen-Hong Kong Stock Connect is set to go live by the end of the month with the Shenzhen Stock Exchange (SZE) announcing on Monday that all southbound participants need to be ready by November 20.