CITIC Securities

China Energy Engineering Corp is guiding investors toward the lower half of the indicative range of its HK$15.22bn ($1.96bn) IPO in Hong Kong as bookbuilding headed to a close on Wednesday.

HSBC has appointed long-serving banker Montgomery Ho to the newly created role of chief executive for Guangdong as it seeks to solidify its presence in southern China.

DM Wenceslao and Associates has trimmed the maximum offer price on its IPO of up to Ps10.73bn ($227m) to Ps25 from Ps44, as it gears up to launch and price the deal in the coming weeks.

Bank of Qingdao priced its HK$4.7bn ($606.5m) IPO at the bottom of guidance on November 25, leaning on a heavy cornerstone tranche and investors from Hong Kong and China to get over the finish line.

China Energy Engineering Corp has kicked off bookbuilding for its HK$15.22bn ($1.96bn) listing in Hong Kong, with the state-owned construction firm squeezing 20 cornerstone investors into a deal some bankers are calling expensive.

Huaneng Power International has raised HK$5.69bn ($734m) via a private placement of H-shares as the company shores up funds to repay outstanding loans and to supplement its working capital requirements.

Bank of Qingdao Co is looking to raise up to HK$5.2bn ($666m) in a Hong Kong listing, with the trade opening books on November 20. This makes it the first of a handful of Chinese city commercial banks to launch their IPOs in the city.

A group of Chinese city commercial banks are looking to catch the year end window for IPOs, opening books on their Hong Kong listings over the coming weeks. But thorny issues around valuations for China’s state assets mean friends and family style deals will once again rear their head, writes John Loh.

The China securitization market is proving to be a happy hunting ground for BMW Automotive Finance this year. Five months after a landmark four-tranche transaction, BMW sealed its return this week with a bigger and more aggressively priced Rmb3.5bn ($550m) ABS.

UNV Digital Technologies has begun gauging investor appetite for its $150m IPO in Hong Kong, as the Bain Capital-backed firm gets ready to list.

Wenzhou Kangning Hospital priced its Hong Kong IPO at the top of guidance on November 13, leaving investors breathless as they flooded the HK$681m ($88m) deal with orders worth billions of dollars.

India issues RFP for Concor sale — Bank of Jinzhou readies IPO — China Energy and UNV to pre-market