Hong Kong SAR

HSBC has created a new head of Belt and Road Initiative (BRI) position for Asia Pacific, naming Mukhtar Hussain to the job.

China Jinmao Holdings has launched a HK$4bn ($509m) loan into syndication through a group of lenders that include the country’s big four state-owned commercial banks.

The investment grade corporate bond market has seen a “steady and sensible” start to April according to one investor as it attempts to stabilise following a volatile run through February and March.

Chinese conglomerate Sinochem Group has hired a seven-strong syndicate team to run the Hong Kong IPO of its oil assets, according to a banker on the mandate.

Korean battery maker Samsung SDI Co has raised W559.9bn ($525.2m) after offloading its stake in Samsung C&T Corp at the mid-point of guidance, according to sources close to the deal.

Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.

Hong Kong conglomerate CK Hutchison Holdings tested the appetite of the euro corporate bond market with a dual tranche deal, which included the first tranche longer than 10 years to be issued in nearly four weeks.

China’s plans to bring its technology firms home through China Depositary Receipts (CDR) have stoked fears that Hong Kong will lose out on some coveted IPOs. But the move is really a win for Hong Kong, as it cements the city's status as the main gateway for Chinese issuers looking to raise funds internationally.

Bank of Jiujiang Co is looking for approval to float in Hong Kong, making it the second Chinese regional commercial bank to file a draft prospectus in the city this year.

China Jinmao Holdings is approaching investors in the Panda bond market with a three year Rmb3bn ($475.7m) offer this week, just a month after it sold a renminbi bond in the offshore market.

HSBC has named Mukhtar Hussain, chief executive of the bank in Malaysia, to the newly created position of head of Belt and Road Initiative (BRI) for Asia Pacific.

OneConnect, a subsidiary of Chinese conglomerate Ping An Group, has begun preparing for a Hong Kong listing this year, according to a source close to the transaction.