Hong Kong SAR

Powerlong Real Estate Holdings pulled off a top-up placement on Monday night, raising HK$791.6m ($100.9m) after pricing the deal toward the bottom of guidance.

Hong Kong’s stock exchange has awarded China Feihe, a baby milk formula producer, its final stamp of approval to list.

Shanghai Sinooil Energy Holding Hong Kong, a subsidiary of state-owned China Energy Reserve and Chemical Group, has defaulted on a $400m offshore loan.

Sinopharm raised Rmb2.8bn ($396m) from a red Panda bond on Saturday. The state-owned traditional Chinese medicine company switched to a shorter tenor to achieve tight pricing.

Sumitomo Mitsui Banking Corp has hired Aaron Chow as a general manager in its investment banking department.

In this round-up, Mainland Chinese partners cut ties with the National Basketball Association (NBA) after disagreements surrounding the Hong Kong protests, China’s foreign currency reserves fell in September and UBS has received the green light to trade global depositary receipts through the Shanghai-London Stock Connect.

Hong Kong-listed chipmaker Semiconductor Manufacturing International Corp has sealed a Rmb1.5bn ($211m) Panda bond, opting for a super short-term tenor for the many advantages it offers, said sources close to the situation.

The US’s announcement this week that it was putting a whole host of Chinese companies on its blacklist for alleged involvement in human rights abuses is set to hit some of them hard. One of the victims is artificial intelligence (AI) leader Megvii Technology, which has been working on a billion-dollar Hong Kong IPO that will now be a challenge. Jonathan Breen reports.

It’s tough being a banker these days, and not just because the mouth-watering pay cheques and bonuses that came with the job have been gradually drying up.

Health and Happiness International Holdings and Shui On Land have both made swift returns to the loan market for tightly priced deals.

Semiconductor Manufacturing International Corp (SMIC) and traditional Chinese medicine maker Sinopharm Group are both plotting their returns to the Panda bond market.

CK Hutchison, the Hong Kong conglomerate, took more than €10bn of orders on Tuesday for a six-tranche bond in euros and sterling as it opted not to squeeze the pricing as much as other recent deals.