Hong Kong SAR

Standard Chartered has beefed up its loan syndications team in Hong Kong, hiring two bankers, according to sources.

Chong Hing Bank raised $360m on Monday from Asia’s first Basel III compliant tier two dollar bond of the year, benefiting from the rarity of the structure in the region’s dollar market.

Shares of Inner Mongolia Energy Engineering swung rather wildly on its debut on the Hong Kong Stock Exchange on Tuesday, following the company’s HK$1.2bn ($153.8m) IPO last week.

Asian green bonds are front and centre this week. Greenko Energy Holdings took the lead with its dollar bond on Monday, with Singapore’s DBS Group Holdings and Hong Kong’s Castle Peak Power Company rolling out their transactions on Tuesday.

Kelvin Leung has left Citic CLSA Securities as head of syndicate for equity capital markets after a year on the job.

New gold and silver futures contracts launched by the London Metal Exchange (LME) on Monday of last week have had a “promising start”, according to its precious metals head.

Hong Kong-listed Longfor is planning its Panda bond debut with a Rmb2bn ($296m) dual-trancher. The property company filed the deal two months after winning regulatory approval — and just four days after a local rival sold its second Panda of the year.

Chong Hing Bank is selling Asia's first Basel-III compliant tier two dollar bond of the year, part of an exchange plus new money offering.

UBS has added a banker to its debt syndicate unit in Asia, with a director expected to start in August. The hire comes after the recent departure of associate director Anson Ko.

The State Council grants PBoC greater powers with new commission, China reports 6.9% year-on-year GDP growth in the second quarter, and Spain plans its first Panda bond.

China’s Four Seasons Education and Sichuan Hope Education Industry Group are planning to raise as much as $550m between them through IPOs in Hong Kong and the US in 2017, according to a source familiar with the matter.

Singapore Exchange set a new record for its offshore RMB futures contract, a new RMB-denominated gold future kicks off trading in Hong Kong, and UBS Asset Management receives a fund management licence onshore.