Hong Kong SAR

Hong Kong’s FWD Group and AMTD Group Company have started taking orders for their respective unrated perpetual bonds. The former is seeking a zero coupon subordinated deal, while the latter is marketing a senior transaction — its second international offering.

Two Hong Kong-listed firms sold new equity on Tuesday via block trades at double-digit discounts, as Jiayuan International Group and Grand Baoxin Auto Group raised a combined HK$2.2bn ($277.1m).

WuXi Biologics has priced its HK$3.9bn ($500.4m) IPO at the top of guidance after an overwhelming show of demand from institutional and retail investors, according to a banker close to the deal.

NEX Markets has added Bank of China (Hong Kong) to its array of liquidity providers on its FX trading platform, citing the lender’s market-leading role in providing offshore renminbi (CNH) liquidity.

The Hong Kong Stock Exchange has tied up with Hong Kong Science and Technology Parks Corp to launch a new platform to facilitate IPOs by technology companies. It may only be a small step towards the city’s dream of being an international hub of tech investment, but the move matters for a bourse that has struggled to lure high profile tech listings.

Grand Baoxin Auto Group launched a primary equity raise on Tuesday morning that could fetch up to HK$1.03bn ($132m).

China Everbright Bank’s Hong Kong branch launched a new dollar three year floater on Tuesday morning, just a few months after sealing a $500m 2020 fixed deal.

Chinese real estate developer Agile Group has sealed a HK$624m ($80m) financing with one bank.

Guangzhou Rural Commercial Bank Co has opened books for a HK$8.34bn ($1.07bn) IPO in Hong Kong after a short delay, with Chinese funds anchoring the deal.

UBS has lost a banker in its Asia debt syndicate team in Hong Kong, according to sources.

Hong Kong Stock Exchange and Hong Kong Science and Technology Parks Corp have launched a platform to help technology companies list and to bolster the city’s credentials as a tech investment hub.

The retail unit of China Petroleum & Chemical Corp (Sinopec) has held a beauty parade for its Hong Kong IPO, which is expected to raise around $10bn, according to a source familiar with the matter.