Asia Pacific

Bank of America Merrill Lynch has lost a member of its equity capital markets team in Hong Kong.

Denox Environmental & Technology Holdings is slated to seek a listing hearing with the Hong Kong Stock Exchange this week, with pre-marketing likely to start the following week if the IPO is approved.

China Construction Bank sealed a successful offshore renminbi bond on October 12, marking the first time it has listed dim sum notes in London. The trade is set to breathe new life into the CNH market, which had been shut for more than two months following a devaluation of the currency.

China is boosting its capital markets collaboration with the UK with Agricultural Bank of China launching a dual-currency, triple-tranche bond on October 13. It would be the second Chinese lender to sell notes in London in as many days, and its offering will also mark the country’s first financial green bond.

Mizuho Financial Group and Mitsubishi UFJ Trust and Banking (MUTB) are out in the dollar bond market, releasing guidance for their respective offerings on Tuesday.

China’s newly launched Cross-border Interbank Payment System (CIPS) is set to enhance China’s connectivity with the global financial system by providing a highly efficient platform for cross-border RMB settlement with extended operating hours and bilingual processing capability, says Michael Vrontamitis, head of trade, product management at Standard Chartered.

China's Yingde Gases Group has cut the size of its syndicated loan to $100m from $150m, in favour of raising additional funds from an onshore renminbi bond.

Volatility in renminbi has driven an increase in transactions in the currency, Swift spokespersons told a media briefing at Sibos 2015 in Singapore.

Essel Infraprojects, part of Indian conglomerate Essel Group, is planning an IPO in 2016 and could file a preliminary prospectus with the Securities and Exchange Board of India (Sebi) by the end of the year.

The chief executive of Hong Kong’s Securities and Future’s Commission (SFC), Ashley Alder has given a robust defence of the regulator's co-operation with its Chinese peers saying that Stock Connect would have been impossible without it. Hong Kong will also remain the key gateway between the Mainland and global financial markets, he argued.

Metro Retail Stores Group started pre-marketing its Ps5.61bn ($119.90m) IPO on Monday, with joint global co-ordinators BPI Capital and Deutsche Bank expected to meet investors over the week.

Taiwanese company Quanta Computer has selected banks to lead its latest $400m borrowing.