Hong Kong SAR

China-based Hebei Construction Group is looking to raise between $200m and $300m through a Hong Kong IPO in the second half of the year, said a banker on the trade.

Zhongyuan Bank’s HK$8.34bn ($1.1bn) IPO in Hong Kong was well covered as of Thursday morning, according to a banker at one of the leads.

Two firms from China’s new economy sector, which are backed by technology companies Alibaba and Tencent, plan to tap equity investors for over $2bn in their Hong Kong IPOs.

Property company Jinmao is returning to the Panda market just three months after its debut in the asset class. Sources said the issuer, which is hoping to raise Rmb2.5bn ($367.9m) with a three year note on July 7, is seeking a snap deal to exploit relatively stable onshore yields.

The People’s Bank of China nearly doubled Hong Kong’s renminbi qualified foreign institutional investor (RQFII) quotas on June 5. Market participants say the move will meet growing demand for RMB assets following MSCI’s inclusion of A-shares.

Leads on FIT Hon Teng’s HK$2.8bn ($358.6m) IPO have wrapped up bookbuilding a day early in Asia and Europe after a strong showing from institutional investors, and are set to price the deal around the midpoint of the initial range.

Huarong Investment Stock Corp has increased the size of its dual-currency syndicated loan to HK$3.6bn ($462m) from HK$3bn.

Mainland firm Hebei Construction Group is vying for approval to list in Hong Kong, filing a draft prospectus with the city’s exchange.

The further liberalisation of access to the China's bond market as a result of Bond Connect makes inclusion of onshore renminbi bonds in the world’s major bond indices more likely, with potential inflows in the billions of dollars, according to market analysts.

China’s ZhongAn Online Property and Casualty Insurance Co has taken a formal step towards listing in Hong Kong, filing a draft prospectus for an IPO that could raise at least $1bn, according to bankers familiar with the matter.

Standard Chartered’s head of capital markets for Greater China and north Asia has retired from the bank, according to multiple sources.

Guangdong Hengjian Investment Holding is marketing its debut dollar bond while Bank of China's Hong Kong branch is taking bids for a dual tranche floating rate transaction.