Hong Kong SAR

Law firm Linklaters is boosting its China presence, hiring two new partners within its corporate and project practices for the Mainland.

The Hong Kong Exchange’s China Ministry of Finance Treasury bond (T-bond) futures were given a lukewarm reception by investors in the first two weeks of trading. But experts say demand will pick up as China’s onshore bond market opens up further later this year.

Crystal International Group has filed a listing application with the Hong Kong Stock Exchange for a $600m-$800m IPO.

European derivatives exchange Eurex yesterday appointed Romanos Daniel as its chief innovation officer, filling a new position that was recently added to its executive board.

Quam Financial Services Group, an arm of Mainland conglomerate China Oceanwide Holdings, is seeking shareholder approval for a HK$5.1bn ($659.8m) rights issue.

Citic CLSA Securities has appointed Andrew Low as global head of M&A, as Nathan McMurtray joins the firm from Deutsche Bank, according to sources familiar with the matter.

China Minsheng Banking Corp’s Hong Kong branch sealed a $500m three year fixed rate bond on Thursday — the only FIG issuer in Asia DCM on the day. Market participants reckon the spread was too tight when compared to the secondary levels of China’s big four banks.

China Everbright Greentech wrapped up its IPO on Thursday evening, pricing below the mid point of guidance to net HK$3.0bn ($385.6m), according to a source close to the deal.

SOCAM Development raised $200m from the sale of a new three year bullet on Thursday, the issuer’s debut international bond.

China Petroleum & Chemical Corp’s board of directors has given the go ahead to spin off and list subsidiary Sinopec Marketing Co, according to an announcement by the parent on Friday.

Law firm Norton Rose Fulbright has named 41 partners globally in its latest promotion round, with three of the appointments in Hong Kong.

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