Hong Kong SAR

Junson Development International offloaded a 2.52% stake in property company Longfor Group on Wednesday, raking in HK$3.4bn ($434.2m).

China Yuanfang Group filed a draft IPO prospectus in Hong Kong on Wednesday, adding to a growing list of Mainland education firms hoping to float in the city.

Lenovo Group boosted the size of its debut convertible bond to $675m after a flood of investors turned out for the deal, according to bankers on the mandate.

Hong Kong-listed Sun Hung Kai Properties is talking to banks for its annual return to the loan market. The company has raised its funding cost for the first time in five years.

Mainland firm Shanghai Gench Education Group is planning to list in Hong Kong and has submitted its draft prospectus to the stock exchange.

Chinese oil major Sinopec has received approval from the country’s regulator to list its retail business in Hong Kong, according to a source close to the situation.

Barclays has appointed Vanessa Koo as head of banking for Asia Pacific and Lars Aagaard as head of mergers and acquisitions for the region.

ASM Pacific Technology is tapping the offshore loan market for the first time, raising a HK$2.25bn ($287m) five year borrowing to refinance a convertible bond maturing in March.

IPOs worldwide have been derailed by geopolitical developments — except, it seems, in Hong Kong. Clawback columnist Philippe Espinasse investigates.

Dollar bond issuance in Asia appears to have got off to a strong start, with a rally both in the primary and secondary markets. But that is not enough for many DCM bankers in the region, who are hoping for a bigger upside.

China’s Kepei Education has started bookbuilding for its HK$954m ($122m) IPO amid regulatory uncertainties around the sector in the Mainland, according to a source close to the deal.

Bank of America Merrill Lynch has appointed two senior bankers as co-presidents of Asia Pacific, succeeding Matthew Koder who took on a new position last year.