Hong Kong SAR

Mainland firms Hujiang Education & Technology Corp and China Beststudy Education Group are planning to list in Hong Kong, having submitted IPO documents to the stock exchange.

Property firm Greentown China Holdings has closed an $800m borrowing after attracting 17 lenders during syndication, according to a company filing.

United Asia Finance, a Hong Kong-based consumer loan provider, has closed its latest dual-currency borrowing, raising the equivalent of HK$4.7bn ($599m).

Mak Ka Ming, former head of structured finance at Chong Hing Bank has joined China Everbright Bank’s Hong Kong branch, according to a source close to the move.

Hong Kong start-up Welab Holdings has filed a listing application with Morgan Stanley as lead left underwriter and sponsor alongside JP Morgan.

Bio-technology firms AOBiome Therapeutics and Stealth Biotherapeutics Corp are seeking the greenlight to float in Hong Kong, adding to a fast-growing pipeline from the sector.

One year since the launch of Bond Connect, central bank officials say increasing liquidity on the bond link and harmonising the scheme with other access programmes are the key tasks at hand.

The emergence of securitization deals equipped with international ratings are a sign that Bond Connect investors are aiming for variety beyond government bonds, a senior official at the Chinese central bank told GlobalRMB on Tuesday.

Hong Kong’s efforts to establish its position as a regional hub for technology companies are bearing fruit as IPO filings pile up. But the real measure of success will come after the summer, when the listings face a market saturated with new economy issuers.

Chong Hing Bank’s head of structured finance has resigned, according to a source close to the move.

Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.

The insurance watchdog in Hong Kong is hoping to mimic Stock Connect as it considers a cross-border access scheme with the mainland market, the renminbi is the fifth most used payments currency, and DBS is planning to set up a securities joint venture in China.