Greater China

London-based equity capital markets investors are beginning to wonder whether the trade hostility between China and the US will hurt Hong Kong’s vibrant IPO market and are considering repositioning if it does.

Hong Kong-based Hang Lung Properties is hitting the Panda bond market for the first time, as it seeks to finance the construction of two shopping malls in the mainland. The issuer says the new buildings will be environmentally friendly, making the Rmb1bn ($150.9m) trade one of the few green Panda deals.

Xiaomi Corp had an inauspicious start as a publicly-traded company when its shares sank on Monday. But the rapid rebound in its stock price showed that the critics were too quick to pass judgement.

Goldman Sachs has poached Bank of America Merrill Lynch banker Darius Naraghi, a managing director with the firm’s equity capital markets team.

Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.

CMB International raised $250m from a three year floating rate note on Monday. Bankers and analysts were expecting the deal to reach $300m but despite a well-filled book, the borrower opted to limit its size ambitions.

Hong Kong’s Securities and Futures Commission (SFC) has censured CCB International Capital for its role as the sponsor on Fujian Dongya Aquatic Products’ planned IPO.

Smartphone maker Xiaomi Corp’s debut in Hong Kong fizzled out as its shares tumbled 6% at the open, even as Chinese stocks shrugged off a looming trade war.

CMB International and South Korea’s SK Innovation were taking bids for their dollar bonds on Monday, but despite the early start to the activity, debt bankers expect little else to follow.

The China Europe International Exchange (Ceinex) has released detailed guidelines for Chinese blue-chip issuers hoping to list in Frankfurt through D-shares.

In this round-up, Chinese premier Li Keqiang landed in Germany on Sunday to discuss trade and cooperation, Tradeweb is planning a mid-July solution for executing block trades on the Bond Connect platform, and China increased total qualified domestic institutional investor quotas last month.

Tencent Holdings is planning to list its digital music distribution arm in the US, according to a filing with the Hong Kong Stock Exchange on Sunday.