Hong Kong SAR

Property developer Country Garden, which holds the record for selling the Panda market’s largest bond, has obtained approval for a Rmb9.5bn ($1.44bn) issuance programme, the company said in a filing on Hong Kong Stock Exchange on Thursday.

The index subsidiary of Deutsche Boerse, Stoxx, on Wednesday highlighted the success of its Asia-Pacific indices, as it taps into smart beta strategies.

UBS has named a top executive in Zurich to take over as its India country head from next year, according to an internal memo seen by GlobalCapital Asia.

Shandong International Trust is set to be a test case for international investor interest in Chinese trusts, as it readies the first such IPO on the Hong Kong Stock Exchange. The sector’s opaque nature will pose a challenge, but if the company pulls off a successful listing, it will open the doors for others to follow, writes Jonathan Breen.

Property management company Riverine China Holdings is seeking approval to list in Hong Kong, filing a draft prospectus with the city’s exchange on Tuesday.

Chiyu Banking Corp and Shanghai Commercial Bank hit the debt market for their debut international subordinated bonds on Tuesday, but each was met with a different response from investors.

China’s Ministry of Finance is set to hold its second offshore renminbi (CNH) bond auction of the year on November 30 in Hong Kong. The Rmb7bn ($1.06bn) offering will come just a month after China sold its first dollar bond in over a decade.

A banker at DBS’s syndicated finance unit in Hong Kong has left the Singaporean firm after five years, according to sources close to the matter.

Shandong International Trust Co is preparing to open books for its Hong Kong listing on November 27, having found enough anchor and potential cornerstone investor demand after two days of pre-marketing to cover the IPO, according to a banker working on the deal.

Property developer Soho China has filed for a Rmb10bn ($1.5bn) medium term note programme with the National Association of Financial Market Institutional Investors, in preparation for its debut deal in the Panda bond market.

China Resource Cement Holdings is making a return to Panda bonds more than a year after its debut in the Mainland’s onshore renminbi market.

Cofco Womai, an online food products retailer, began investor education for its potential $600m Hong Kong IPO on Monday, said a source close to the deal.