Asia Pacific

WuXi Biologics Holdings has raised HK$6.1bn ($787.5m) after selling a block of shares in WuXi Biologics (Cayman), the fourth time it has trimmed its position in the company this year.

HSBC has hired Jan Laubjerg for a new position as global head of natural resources.

Mercedes-Benz Auto Finance is planning to sell a Rmb6.26bn ($917m) dual tranche auto securitization transaction next week after a six-month break from the onshore market. The issuer has doubled the length of the revolving period compared to its previous outing.

Fujian Yango Group Co enticed investors with a yield of more than 12% for its new $200m bond on Tuesday.

The Asian Infrastructure Investment Bank (AIIB) has appointed a chief economist for the first time, picking Erik Berglof to head its economics department.

Bankers in China have raised concerns around regulating Ant Group, which is gearing up for a mammoth dual listing in Hong Kong and the Star board. Although the Alibaba Group Holding-backed firm calls itself a technology company, a big chunk of its revenues come from the financial sector — creating headaches due to the absence of a cohesive regulatory framework for such companies.

Chinese smart electric vehicle maker Nio has raised $1.5bn in fresh equity after increasing its follow-on offering of American Depository Shares (ADS).

Property manager China Resources Mixc Lifestyle Services is planning an IPO on Hong Kong’s stock exchange, getting the ball rolling with an application to the bourse this week.

Vietnamese mobile device retailer Mobile World Investment Corp has made a rapid return to loans for another $100m.

Hong Kong property developer Nan Fung International Holdings returned to the market with a $500m fixed-for-life perpetual bond in a bid to manage its liabilities and score lower interest rate for its debt.

Modern Land (China) Co received an 18 times oversubscribed book for a $100m tap of two of its green bonds, as investors threw their weight behind the Chinese property developer’s deal.

ZhongAn Online P&C Insurance Co was back in the dollar market on Monday, less than two months after making its debut.