Hong Kong SAR
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Software company AsiaInfo Technologies launched bookbuilding this week for a potential HK$1.16bn ($148.5m) listing in Hong Kong, after securing Baidu’s holding company and a Lenovo Group subsidiary as cornerstone investors. -
In this round-up, China International Capital Corporation UK (CICC UK) became Stock Connect’s first depository receipt conversion institution, S&P and FTSE Russell added China A-shares to their indices, and October capital outflows from China jumped while outflows from other emerging markets stayed flat.
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‘Tis the season to be jolly, right? Apparently not anymore. Christmas merriment appears to have been cancelled, or at least hugely dampened, this year.
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WuXi AppTec is set to raise about HK$7.9bn ($1.1bn) from pricing its Hong Kong listing at the mid-point of the indicative price range, according to a source close to the deal.
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The US and Hong Kong IPO markets saw a raft of companies trying to catch the last window for their listings before the year end, as the short-lived rally from the US-China trade war ceasefire did little to reassure ECM bankers and investors, writes Christie Ou.
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Citi has named Jan Metzger as head of Asia Pacific banking, capital markets and advisory (BCMA), a newly created division in the region, according to an internal memo seen by GlobalCapital Asia on Thursday.
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Chinese local government financing vehicle Huzhou Communications bagged Rmb500m ($73.1m) this week in its first offshore renminbi offering.
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Patrick Kwan, the former co-head of Barclays’ investment banking unit in Asia, has returned to the banking industry with Credit Suisse.
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Legend Holdings Corp, the controlling shareholder of technology company Lenovo Group, is looking to spin off its financial unit through a Hong Kong IPO.
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Luzhou City Commercial Bank and Ever Sunshine Lifestyle Services Group kicked off bookbuilding for their respective IPOs as they aim to cross the finish line before the end of the year.
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Red chip issuer China Gas Holdings plans to raise up to Rmb1.3bn ($189m) from a new Panda bond this month before its issuance programme expires.
