Hong Kong SAR

FX watchdog grants $8.34bn of quotas for the qualified domestic institutional investor (QDII) outbound investment programme, the leadership of the ruling Communist Party reinforces the promise to open up markets, and Bond Connect sees growing Q1 investments.

Three firms have submitted their listing applications in Hong Kong as the city’s IPO filing season goes full steam ahead.

Hong Kong-listed Car was caught in the eye of an onshore storm this week as bond investors retreated after initial excitement over the central bank’s move to boost liquidity. But the borrower found joy elsewhere — from a visit to the dim sum bond market. Noah Sin reports.

The Hong Kong Stock Exchange will start taking IPO applications from April 30 under its new regime to encourage technology listings.

We so-called 'gweilos' in Hong Kong — a common Cantonese slang word for Westerners — sometimes find ourselves in a love-hate relationship with the food on offer here.

United Asia Finance, a personal loan provider in Hong Kong, is making a quick return for a HK$1.6bn ($203m) term loan, just two months after sealing its last borrowing.

Karen Pang, an equity-linked banker based in Hong Kong, has left BNP Paribas for a new role in Deutsche Bank, according to two sources with knowledge of the move.

Société Générale has appointed new sales heads for Asia Pacific and Europe within its global markets division, according to a press release on Wednesday.

The Hong Kong Stock Exchange (HKEX) will start taking IPO applications from Monday under its new regime to encourage technology listings.

Investors gave Car’s first Panda bond in a year the cold shoulder on Monday, forcing the company to shrink its deal. The red-chip borrower suffered as onshore investors retreated following initial excitement over the central bank’s announcement to boost liquidity and braced for the tax collection season.

BAIC Motor Corp sold new shares on Tuesday night to raise HK$3.3bn ($422.2m), boosting the deal size on the back of demand from outright accounts.

Credit Suisse has added a senior banker from Morgan Stanley to the ranks of its Greater China technology, media and telecom investment banking team.