Hong Kong SAR

China-based VCredit Holdings, which provides online consumer finance, launched bookbuilding for its IPO on Tuesday, with proceeds of up to HK$1.58bn ($201m) in reach.

Jerome Leleu, co-head of equity capital markets for Asia Pacific at Morgan Stanley, has passed away at age 41.

China Merchants Securities’ head of equity syndicate in Hong Kong has taken up a new job in the capital markets team at Fidelity International.

Shanghai and Hong Kong’s stock exchanges say markets were in good form as the MSCI included A-shares in its benchmark, regulators approve new quotas for outbound and inbound investment schemes, and Aberdeen Standard Investments launches Luxembourg-based fund to tap onshore bonds.

Hong Kong Broadband Network has closed an amendment and extension of a HK$4.1bn ($528.5m) loan sealed two years ago, slicing the margin by 30bp.

The gravity in the relationship between Hong Kong and China’s financial markets has unquestionably shifted north in the past two decades. But instead of fearing competition, Hong Kong should embrace this change and build on its leading role in offshore RMB business, senior financial regulatory officials told a forum at the Hong Kong Stock Exchange on Friday.

Midea Real Estate Holding filed for an IPO in Hong Kong on Thursday that could raise upwards of $1bn, according to a banker on the deal.

Huifu Payment launched a HK$1.9bn ($244.1m) IPO in Hong Kong on Thursday, using Silicon Valley stalwarts Square and PayPal as benchmarks for valuations.

Chinese alternative investment firm Citic Capital Holdings has approached the loan market for a new HK$2.5bn ($318m) borrowing.

Hong Kong-listed Enerchina Holdings has mooted a HK$1.3bn ($165.7m) cash call as it looks to boost its financial services business and repay debt.

Ethan Farbman, Morgan Stanley’s co-head of Asia Pacific fixed income capital markets, will be leaving in the summer, triggering a number of changes at the bank, according to sources.

HSBC has wooed two bankers from rival bulge bracket firms to join its equity capital markets desk as it beefs up its equities franchise in Asia, said sources close to the moves.