Hong Kong SAR

Doosan Bobcat got its listing across the line at the second attempt, as cheaper valuations and a willingness to accede to investors helped raise W900bn ($788.0m).

Datang Environment Industry Group Co has bagged HK$2.0bn ($257.9m) after sealing its second attempt at an IPO.

A HK$2.8bn ($361m) loan to back private equity firm Permira's leveraged buyout of Hong Kong-based Tricor Holdings has been launched into general syndication.

Hong Kong’s market regulator has warned that it may broaden its investigations into IPO sponsors, as it looks to act on other cases that have been brought to its attention.

In a rollercoaster day for markets, the renminbi had a rocky start before gaining ground against the dollar as news on the US elections unfolded. But volatility is likely to continue in the coming days as markets get to grips with Donald Trump’s victory.

Shanghai Dazhong Public Utilities Co and VPower Group International Holdings seem unfazed by any market mayhem that may follow the US presidential election, as both prepare to launch $300m Hong Kong IPOs on Thursday this week.

The Shenzhen-Hong Kong Stock Connect is set to go live by the end of the month with the Shenzhen Stock Exchange (SZE) announcing on Monday that all southbound participants need to be ready by November 20.

Law firm Clifford Chance has boosted its corporate practice in Asia by hiring partner Frank Yuen, who brings a wealth of equity capital markets experience to the team.

Zhou Hei Ya International Holdings Co raised HK$2.5bn ($321.8m) after pricing its Hong Kong IPO towards the bottom of the indicative range last Friday.

In this round-up: RMB indices record a stabilisation of the currency against the trade-weighted baskets, Hong Kong RMB deposits increase nearly 2% in September, and the China cross-border interbank payment system (CIPS) expands to 400 indirect participants. Plus, a recap of our top stories this week.

A mix of local politics and broader market developments may gradually strip Hong Kong of its role as the cutting edge centre for renminbi internationalisation. But that is probably a good development, at least as far as China’s longer-term strategy is concerned.

The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time when the IPO market is teetering. John Loh reports.