Greater China

Asia’s bond market suffered prolonged bouts of volatility in the first half of the year. Bankers, credit analysts and asset managers are trying to shake off the disappointments in both the primary and secondary markets, but the signs are not good. Addison Gong reports.

Companies in both China and India have to find their way through regulatory labyrinths to gain approval to sell offshore bonds. But although both countries have overbearing, occasionally irrational, regulators, they differ in one key respect.

Wise Talent Information Technology, owner of recruitment website Liepin.com, has opened books for its up to HK$3.1bn ($398.1m) Hong Kong IPO.

It gives me a warm fuzzy feeling when I see young minds eager to get into investment banking (they obviously have no idea what they are letting themselves in for, but still). Even so, what often takes me by surprise is how multi-talented some of them are.

Chinese used car e-commerce platform Uxin began bookbuilding on Thursday for an IPO that could raise up to $475m.

Industrial and Commercial Bank of China (Asia) on Wednesday priced a triple-tranche green bond. But the deal, comparatively smaller than recent issues at $730m equivalent, had a moment of intrigue when one global co-ordinator left the syndicate group.

China-based VCredit Holdings raised HK$1.37bn ($175m) this week after pricing its IPO at the bottom of guidance.

BNP Paribas Singapore CEO heads to US — Credit Suisse makes senior SEA appointments — ICICI ECM head to exit — Deutsche equity-linked veteran leaves for Goldman — ANZ loses syndications banker — BNY Mellon WM names Greater China head

Huo Rongrong, the former global head of RMB and China business at HSBC, has left the bank for Investec Asset Management. The London-based banker will have a broader remit in her new buy-side role.

The board of directors of Hong Kong Exchanges and Clearing has renewed the contract of chief executive Charles Li for three years.

Bank of China Group Investment (BOCGI) is returning to the Panda market after a year-long absence. Unlike the last transaction, the issuer will sell the bond on the Shanghai Stock Exchange, instead of the interbank bond market, marking its first outing on the exchanges.

Jiangxi Bank Co has kicked off a week-long roadshow for its up to HK$7.8bn ($992.9m) Hong Kong IPO, set to be the second largest listing in the city so far this year.