Hong Kong SAR

JP Morgan taps insider for India ECM — Mizuho hires for debt team — ING hires ex-PSE chief for Philippines — StanChart adds to DCM syndicate team — BNY Mellon names Apac DR head

Shanghai International Port Group (SIPG) has pocketed $1bn after it cashed in a chunk of its H-shares in Postal Savings Bank of China with a dual-tranche exchangeable bond, drawing in outright investors keen to build a large position in a notoriously illiquid stock.

Beijing Enterprises Clean Energy Group is preparing a HK$1.33bn ($170.3m) open offer to fund development projects and acquisitions of clean energy-related companies.

Standard Chartered has hired a former Barclays banker as an executive director in the Asia DCM syndicate team.

China Resources Land returned to the Panda market with the biggest deal this year, raising Rmb5bn ($740.9m) from a dual-tranche bond on Monday. CR Land sealed the deal just four days after rival Longfor Properties’ debut and faced similar pressure from investors to prioritise its shorter term notes.

Sunac China Holdings has raised HK$4.03bn ($516.2m) from a top-up placement, taking advantage of its recent media focus and skyrocketing share value to bag a deal.

Citic CLSA Securities has brought in Steve Lam to helm its equity syndicate team, while also naming Nathan McMurtray to lead its charge into the equity-linked market.

Francis Giglio has been promoted to Asia Pacific head of depositary receipts at BNY Mellon, replacing Neil Atkinson who will transfer to London.

The board of directors of Irico Group New Energy Corp has approved an H-share placement of up to Rmb2bn ($296.3m) to help fund some photovoltaic glass projects.

Everbright Water wrapped up its first Panda bond on July 21, raising Rmb1bn ($148m) from a five year deal in the exchange market. The company had originally planned a longer tenor deal, but backed down after considering the cost.

Hong Kong’s market regulator has turned down AMTD Strategic Capital Group’s application to list on the city’s stock exchange.

Digital China Holdings is preparing to raise up to HK$1.45bn ($185.8m) from a rights issue to help fund investment in big data analysis in the healthcare industry.