Hong Kong SAR

A group of institutional investors have denounced the Hong Kong Stock Exchange’s (HKEX) proposal to bring dual-class shares to the city, urging the bourse to take another look at the risks.

The three bookrunners of a $900m-equivalent Hong Kong dollar loan for I Squared Capital’s acquisition of Hutchison Global Communications (HGC) have invited lenders to join the syndicate at a senior level.

Sisram Medical has begun sounding out investors for its $200m IPO in Hong Kong after receiving listing approval from the stock exchange, said bankers on the deal.

Lyndon Chao has been announced as the new head of equities at the Asia Securities Industry & Financial Markets Association (Asifma), replacing Nicholas Ronalds.

Ford Automotive Finance (China) has pulled off an impressive return to China’s auto ABS market. The company raised an eye-catching Rmb3.46bn ($518.4m) from its latest deal — and brought in the first crop of foreign investors tapping Chinese ABS through Bond Connect.

Barclays is rebuilding its franchise in Asia Pacific with three senior hires focusing on the China and Japan markets, according to a memo seen by GlobalCapital Asia.

Shenzhen-listed Changjiang Securities Co is planning to list its offshore arm in Hong Kong, having gained China Securities Regulatory Commission approval.

Cheung Kong Infrastructure Holdings sold a fixed-for-life hybrid bond denominated in dollars on Wednesday. The deal did not draw an overwhelming response, but market participants said overall demand for the structure is muted.

Credit Suisse’s head of equity-linked origination for Asia Pacific is retiring from the industry after 17 years with the bank, sources said.

Wing Tai Properties grabbed an open window in the Singapore dollar market this week to raise S$160m ($117.5m), leveraging its sister company’s credentials to woo investors.

Cheung Kong Infrastructure Holdings hit the market on Wednesday morning local time, marketing a new subordinated perpetual non call five fixed-for-life dollar transaction.

China Hongqiao Group, which has been accused of alleged fraud and suspended from trading for almost five months, has struck a $1bn equity financing agreement with Citic Group Corp.