Hong Kong SAR

Zurich Insurance sold its first bonds in the Australian dollar market this week, as it looks to finance its recent acquisition of Australia and New Zealand Banking Group’s life insurance business.

Tianqi Lithium Corp and CEFC China Energy Co were thrust into the limelight this week after their existing dollar bonds plummeted in the secondary market. Addison Gong reports.

Royston Quek, head of Greater China DCM at Barclays, has left the bank after just over three years on the job.

Veteran loans banker Peter Zhang, who has worked at Natixis for around a decade, is leaving the firm, according to sources.

Chinese online consumer finance provider VCredit Holdings began investor education for its Hong Kong IPO on Monday, according to a banker familiar with the matter.

Haidilao International Holding, a Chinese hotpot restaurant chain, has filed for an IPO in Hong Kong that could raise around $1bn.

Two IPO applications in Hong Kong this week — one from a bitcoin hardware maker and the other a Chinese state-owned enterprise — highlighted the tussle for investor attention between old and new economy companies.

Even the best laid plans often go awry. Despite hours of preparation and accounting for every worst case scenario, one young banker has learned that sometimes accidents just happen.

Hong Kong’s market watchdog reprimanded and fined Citi on Thursday for its work as a sponsor on the 2009 IPO of China-based Real Gold Mining.

Chinese automobile financing retail transaction platform Yixin Group is tapping the loan market for a $150m borrowing, six months after listing through a HK$6.8bn ($867.2m) IPO in Hong Kong.

Chao Li has resigned from his position as head of Asia bond syndicate at Standard Chartered.

China’s Goodbaby International Holdings, a developer of parenting products, is debuting in the offshore loan market with a $250m borrowing.