Asia Pacific

Chinese live mobile streaming platform Inke is looking to float in Hong Kong, filing a draft prospectus with the city’s stock exchange.

Hong Kong’s Securities and Futures Commission (SFC) has asked IPO sponsors in the city to improve their standards, after discovering a number of compliance failures in their work.

Citi has appointed Jan Metzger as the new head of corporate and investment banking for Asia Pacific, replacing Mark Slaughter.

Lao Feng Xiang Jewellery Hong Kong has allocated its $200m debut loan among eight banks, with sole bookrunner ANZ keeping most of the facility on its books, according to sources.

The first green loans from Asia have finally emerged. It is about time. For the sustainable financing market to move to the next level in the region, it is crucial that borrowers, bankers and regulators stop limiting their attention only to the bond market.

China-based Sunlands Online Education Group has bagged $149.5m from its US IPO after pricing the deal at the bottom of guidance.

Four Chinese issuers hit the market with new transactions on Monday, despite the credit market ending on a weak note last week. As the companies try to make use of their remaining fundraising quotas, the focus remains on new issue premiums.

Qualitas Medical Group is preparing to launch an IPO of around S$150m ($114.4m) on the Singapore Exchange, said a banker on the deal.

Lemon Tree Hotels has kicked off bookbuilding for a potential Rp10.4bn ($159.9m) IPO, after placing nearly a third of the shares with anchor investors.

In this round-up, trading of RMB-denominated crude oil futures kicks off in Shanghai, Bloomberg Barclays sets inclusion of onshore bonds in motion, and the governor of the People’s Bank of China reiterates the central bank’s commitment to RMB internationalisation and reform and opening up.

China Zheshang Bank has raised HK$3.6bn ($464.2m) from a placement of new H-shares, its first issue since listing in Hong Kong two years ago.

Personal computer maker Lenovo priced a $750m deal on Thursday as part of a liability management exercise, switching some investors out of an old bond that will mature next year. But like others in the market, the borrower had to pay a double-digit new issue premium to ensure success.