Hong Kong SAR

Amy Tan has been promoted to head of debt capital markets origination for Asia ex-Japan at JP Morgan, effective immediately.

China Xinhua Education Group has launched bookbuilding for its HK$1.5bn ($188.3m) IPO, the first Mainland education provider to hit the Hong Kong market this year.

Hong Kong’s market regulator is planning to ban UBS from sponsoring any IPOs in the city for 18 months, according to a section in the bank’s 2017 annual report released on Friday.

China Resources Land tapped the Panda bond market for the first time since July 2017, raising Rmb6bn ($945.6m). But few onshore investors who bought the three year bond looked at the trade as a real Panda, according to bankers on the deal.

Finance is a pretty sexy industry, as we all know. Who would ever question the attraction of making money? My mates and I certainly never have — but one friend got a bit more than he bargained for when he innocently called Singapore’s ministry of finance the other day.

HSBC has wooed Mark Ma back to its leveraged and acquisition finance team in Asia, poaching him from Platinum Equity, a firm that specialises in mergers and acquisitions.

China Power International Development, a subsidiary of state-owned power company State Power Investment Corp, is raising a $500m three year bullet loan.

Derivatives exchanges around the world reported strong February volumes this week, potentially painting a rosy picture for the year ahead as markets seem set to return to higher volatility.

Chinese online consumer finance provider VCredit Holdings filed a draft IPO prospectus with the Hong Kong Stock Exchange on Monday. It is expected to float on the bourse as early as April, according to a source close to the deal.

In the new Clawback, columnist Philippe Espinasse analyses the impact of Hong Kong’s new rules around cornerstone investors in biotechnology companies.

China Resources Land is lining up the Panda bond market’s first deal after the Chinese New Year holiday. The Rmb6bn ($946.6m) three year bond, the biggest offer in the asset class in six months, may kick start a streak of onshore transactions, said onshore DCM bankers.

China Xinhua Education Group has kicked off investor education for its Hong Kong IPO, which is expected to raise around $200m, said a source close to the deal.