Hong Kong SAR

Premier Li Keqiang's blessing for a China-Hong Kong Bond Connect scheme is a boost for the accessibility of Chinese bonds. But market participants are looking for clarity on issues across FX, settlement and registration requirements to determine its likely impact and appeal.

The Hong Kong Exchange is set to introduce five year China Ministry of Finance Treasury bond futures.

Shenzhen-listed Zhejiang Dahua Technology Co, with a market value of some $7bn, is planning to list in Hong Kong.

Renminbi denominated gold futures contracts will be available on Hong Kong Stock Exchange (HKEX) for the first time in June 2017, Charles Li, the bourse’s CEO, said on Monday. Li also signalled that more Connect schemes will emerge after Bond Connect, and that southbound volumes have plenty of room to grow.

China Renaissance Group and ICBC International Holdings this week unveiled a partnership to provide financial services across mainland China, Hong Kong and the US.

Guotai Junan Securities Co has hit the road with its HK$16.5bn ($2.1bn) IPO, set to be the largest listing in Hong Kong since Postal Savings Bank of China’s mammoth HK$58bn float last year.

JP Morgan’s head of ECM for Asia ex-Japan David Suen has left after close to a decade with the US bank, according to an internal memo seen by GlobalCapital Asia.

People’s Bank of China (PBoC) governor claims the end of quantitative easing is near, transaction volume in Chinese foreign exchange market was close to Rmb20tr ($2.9tr) in the first two months of 2017, and Hong Kong Stock Exchange (HKEX) plans to launch five-year Chinese treasury futures.

This week, the head of the state administration of foreign exchange (Safe) criticised Chinese companies’ overseas acquisition choices, 13 countries joined Asian Infrastructure Investment Bank (AIIB) and ICBC Moscow started offering RMB clearing services.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.

Bank of America Merrill Lynch’s head of China M&A has left after more than three years at the bank, according to sources familiar with the matter.

Kunming Dianchi Water Treatment Co opened the doors to its Hong Kong IPO on Friday, with the deal set to raise up to HK$1.6bn ($205.3m).