Greater China

Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.

Hong Kong conglomerate CK Hutchison Holdings tested the appetite of the euro corporate bond market with a dual tranche deal, which included the first tranche longer than 10 years to be issued in nearly four weeks.

China’s plans to bring its technology firms home through China Depositary Receipts (CDR) have stoked fears that Hong Kong will lose out on some coveted IPOs. But the move is really a win for Hong Kong, as it cements the city's status as the main gateway for Chinese issuers looking to raise funds internationally.

There appears to be no stopping logistics company GLP, which is gearing up for a new Rmb1.2bn ($190.3m) Panda bond transaction, its third outing in as many weeks.

Industrial and Commercial Bank of China raised $1.2bn on Monday from two floating rate notes (FRNs) issued through its Singapore branch, getting ahead of peer Bank of China which kicked off a jumbo Belt and Road-related transaction.

Bank of Jiujiang Co is looking for approval to float in Hong Kong, making it the second Chinese regional commercial bank to file a draft prospectus in the city this year.

China Jinmao Holdings is approaching investors in the Panda bond market with a three year Rmb3bn ($475.7m) offer this week, just a month after it sold a renminbi bond in the offshore market.

Online game streaming platform Huya is set to launch an up to $200m listing of American Depository Shares (ADS), filing a prospectus with the US stock market regulator on Monday.

Two banks are supplying a $200m loan to back a consortium’s move to take New York-listed Chinese auto rental company eHi Car Services private.

China’s Harbin Bank Co, which has been eyeing the offshore market for additional tier one capital for more than a year, has asked its shareholders for another year to complete the issuance. Its announcement comes as such bonds from the country’s lenders are taking a battering in the secondary market.

HSBC has named Mukhtar Hussain, chief executive of the bank in Malaysia, to the newly created position of head of Belt and Road Initiative (BRI) for Asia Pacific.

OneConnect, a subsidiary of Chinese conglomerate Ping An Group, has begun preparing for a Hong Kong listing this year, according to a source close to the transaction.