Greater China
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Two live IPOs in Asia are seeing an encouraging response from investors, with Donald Trump’s surprise victory in the US presidential election having little impact on their bookbuilds. -
Fertiliser producer Dongguang Chemical is planning to list its shares in Hong Kong, according to a draft prospectus filed with the city’s bourse on Monday.
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Nomura has tapped James Pearson as head of FIG for Asia ex-Japan, based in Hong Kong, poaching him from Standard Chartered.
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Chinese sportswear manufacturer Xtep International Holdings is looking to tie up a $100m amortising loan, having enlisted a Hong Kong lender to arrange it. Xtep has sold syndicated loans in the past but is reaching out to a smaller group of banks this time.
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Credit Suisse has hired Rick Meng to run its onshore China private bank, handing him a critical role as it seeks to add hundreds of wealth advisers in Asia Pacific.
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Diesel engine maker Weichai Power has approached the loan market for a €310m ($334m) five year borrowing via ANZ.
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Former UBS banker Christopher Fok has resurfaced at CMB International in Hong Kong with a wider role covering both ECM syndicate and origination.
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China’s Yancheng Oriental Investment & Development Group Co and South Korea’s Doosan Infracore Co ventured out to the DCM market on Tuesday for their respective dollar-denominated bonds.
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Bad debt manager China Huarong Asset Management hit the market on Tuesday with a new triple tranche dollar deal, its third debt-raising this year.
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The shock victory of Donald Trump in the US presidential elections on November 9 is already having an impact on the RMB, with the currency weakening to new record lows. We gathered some of the key views from top bank analysts in the days since which draw a picture that is far from pretty (but not hopeless) for China.
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Steve Lam, a Hong Kong-based director in Citi’s capital markets origination team, has left, according to sources close to the matter.
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Chinese local government financing vehicle Jiangsu Hanrui Investment Holdings tapped its outstanding 2019s last Friday in the post US-election market, raising $190m on the back of reverse enquiry.
