Greater China

JD Logistics wrapped up its jumbo Hong Kong IPO on Thursday after a strong turnout from institutional investors, attracted to the company’s fair valuation and its parent’s credentials. The multi-billion-dollar listing is set to be the city’s largest float since the beginning of the year, writes Jonathan Breen.

Foreign ownership of Chinese domestic bonds has hit an all-time high of over Rmb3.6tr ($562bn) — an impressive number but one that warrants a much closer look.

Hong Kong's heat levels have hit 30 degrees Celsius recently — meaning it's time for junk boat season.

Chinese issuers Redsun Properties Group and Shandong Hi-Speed Group Co have hit the offshore bond market, grabbing a brief issuance window ahead of a public holiday on Wednesday.

Viva China Holdings has raised HK$3.8bn ($491.4m) after offloading a block of shares in Chinese sportswear manufacturer Li Ning Co, according to a source familiar with the matter.

Nomura’s Asia ex-Japan healthcare investment banking head, Vijay Karwal, has left the firm after a three year stint to join a biopharmaceutical company.

Barclays has hired Mani Joseph from Goldman Sachs to lead its Asia special situations team.

Property manager Central China Management Co has kicked off the roadshow for its IPO. It is aiming to raise up to HK$1.05bn ($135.2m).

A senior China DCM banker from HSBC is taking a new position at CLSA, the international platform of China's Citic Securities.

Property developer China Vanke Co brought a rare investment grade-rated corporate deal to the offshore renminbi (CNH) bond market on Monday, pricing the deal inside its dollar curve after a warm response from investors.

Michelle Wang, who left JP Morgan more than a decade ago, has returned to the bank as its new co-head of China investment banking coverage.

Crédit Agricole CIB has conducted what it believes is a unique green bond issue for its Taiwan branch, in which the issuer, investors and underwriters have together made a “solidarity” payment to a charity, Plastic Odyssey, which works to remove plastic pollution from the oceans.