Hong Kong SAR

The retirement of Samir Assaf, HSBC’s long-serving head of global banking and markets (GBM), paves the way for a long overdue restructuring of that division. This will test the bank’s new-look management team.

Veteran Citi banker Pramit Jhaveri is retiring, bringing the curtain down on a 32-year career at the US firm.

Zhuhai Da Heng Qin Investment, the holding company of land developer Zhuhai Da Heng Qin Co, came back to the dim sum market on Wednesday, sealing a Rmb800m ($114m) two year green bond.

Alibaba Group Holding pulled off the year’s largest IPO this week, raising HK$88bn ($11.2bn) from its Hong Kong secondary listing. The company has given the stock exchange a much needed boost in morale, while signalling to other foreign-listed Chinese companies that they can come home. Jonathan Breen reports.

I may be a mature, wise gentleman the majority of the time, but I admit that even I have my moments of childish fun.

Vicky He rejoins CS — SG adds to Greater China team — Nomura promotes Tiwaari — UBS Apac ECM vice-chairman leaves — Sternby returns to UBS

Hong Kong is set to welcome catastrophe bonds from mainland Chinese insurance companies, after an agreement to relax issuance rules.

Beijing Infrastructure Investment Co has returned to the dim sum bond market after a five year break. The tightly priced Rmb1bn ($142m) deal was the first from an investment grade state-owned corporate issuer in the CNH market this year.

Czech consumer finance company Home Credit has shelved its potential Hong Kong IPO citing poor market conditions. The deal had been slated to raise up to $1bn.

Yeahka, a payments technology platform, is planning to float on Hong Kong’s stock exchange. The Chinese firm hopes to raise around $300m from the deal, said a source familiar with the matter.

Samir Assaf is to step down as chief executive of HSBC’s global banking and markets (GBM) business in the New Year, as a prelude to a restructuring of the division.

Vicky He has rejoined Credit Suisse after leaving the bank in June.