Hong Kong SAR

A HK$4.851bn ($625m) leveraged buyout financing to back the acquisition of Wharf T&T by MBK Partners and TPG Capital has closed in syndication, with 13 banks joining the leads.

China Railway Construction Corp (CRCC) has sold its second convertible bond of 2016, this time a renminbi-denominated, dollar-settled trade linked to the offshore RMB spot price. Chinese issuers are warming to the structure amid concerns about RMB depreciation, as investors bear the currency risks. John Loh reports.

Citi and ING have named new heads for their respective Asia debt syndicate teams, while Natixis has recruited a DCM banker from Commerzbank.

BAML loses Hong Kong IB chief to UBS — UBS hires from Deutsche for M&A — ANZ appointments — SGX names head of fixed income sales

The Chinese Ministry of Finance completed its second biannual offshore RMB (CNH) auction of the year in Hong Kong, which saw modest demand despite the solid premium over onshore Chinese government bond yields.

Or so the saying goes. Not in China, it seems. Breaking the news that a bulge bracket firm in Hong Kong is suing a Chinese SOE client for non-payment of fees, our columnist Clawback says doing business in China is now little more than a league table exercise.

Shanghai-listed Jangho Group is planning to float its architecture and interior design subsidiary Steve Leung Designers in Hong Kong, winning approval from its board this week.

Citi has appointed James Arnold as its new head of Asia Pacific DCM syndicate, replacing Duncan Phillips who left the bank in October.

The first day of trading on the long hailed Shenzhen-Hong Kong Stock Connect ended in a whimper, with just a fifth of the daily net trading quota used up. But Charles Li, chief executive of the Hong Kong Exchange (HKEX) was clear the bridge will serve its purpose in the long run.

CSC Financial Co has priced Asia's last jumbo IPO of 2016, selling shares in its Hong Kong listing in the middle of expectations to raise HK$7.7bn ($992.5m).

Panda bonds are attracting plenty of interest but accounting issues and China’s scrutiny of global auditors are proving to be the biggest impediments to the asset class, according to panelists speaking at the IFLR Asia 2016 Capital Markets Forum.

Bank of America Merrill Lynch’s head of investment banking in Hong Kong has left after two decades at the firm to join UBS, according to a source close to the matter.