Hong Kong SAR

Red chip company China Power successfully raised Rmb2bn ($288m) this week, the second Panda deal in the energy sector this year.

Alan Roch has joined Standard Chartered in Hong Kong as head of bond syndicate for Asia.

Deutsche Bank has hired former Standard Chartered banker Erick Pan as head of syndicated loans for north Asia.

Innovent Biologics launched its Hong Kong IPO on Monday to raise HK$3.3bn ($422.2m), with over 60% of the shares already sold to a large contingent of cornerstone investors — many of them double-dippers.

Asia International School (AISL) is tapping the offshore market for a debut loan of up to $180m.

The Ministry of Finance (MoF) second offshore RMB (CNH) auction in 2018 raised Rmb5bn ($720m) on Wednesday. Despite recent RMB depreciation, the demand for CNH bonds remains, albeit in modest amounts.

Dafa Properties Group raised HK$840m ($107.2m) when it priced a Hong Kong IPO a few cents above the middle of the marketed range this week.

Hong Kong’s IPO sponsors are in the spotlight again after the top enforcer at the city’s regulator called them out for poor work this week.

Yuexiu Real Estate Investment Trust, a subsidiary of Yuexiu Property Co, is tapping the offshore market for a HK$2.8bn ($357m) loan.

It never ceases to amaze me how much the world has changed since I started my banking career. Today it seems like there is so little you can get away with. What was once a quirk has become a personality flaw.

Better policy measures are needed as the mainland bond market connects with the rest of the world, Hong Kong Exchanges and Clearing (HKEX) said in an October 4 research paper.

Two prominent Asian markets approved dual-class securities this year, but the CFA Institute this week warned of a host of risks that the structure poses to investors.