Hong Kong SAR

Efforts to deepen RMB liquidity in offshore markets have struggled so far, despite the currency’s growing popularity for trade and investment purposes. Yet, it is clear that the success of the currency on a global scale will rely on deepening liquidity and the financial infrastructure that supports it.

Cemex Holdings Philippines has begun gauging investor interest in its IPO, which could raise up to $500m, sources close to the deal told GlobalCapital Asia.

The Hong Kong Stock Exchange will introduce a volatility control mechanism come August, following in the footsteps of global bourses that have implemented circuit breakers.

The Asia ex-Japan block trade market took flight this week as three overnight share sales priced on Wednesday, two of which were executed by Morgan Stanley and one by UBS.

Industrial and Commercial Bank of China has appointed Yi Huiman as its new chairman, replacing Jiang Jianqing who is retiring, having tendered his resignation on May 31.

Kitty Leung, who worked in the loan syndication department at Rabobank in Hong Kong, has left the Dutch lender.

I was never a fan of banking conferences. I certainly enjoyed a day away from my screens, but I did not like being among a multitude of people bustling around in a tiny space. One of my friends endured one such quintessential Hong Kong experience on a recent visit.

Jiangxi Copper Co is seeking shareholder approval for a pair of private placements in the Chinese and Hong Kong stock markets, according to a filing on Tuesday.

Google is exiting its stake in Lenovo Group via an overnight offering of shares that could raise as much as HK$1.72bn ($221m).

Law firm Hogan Lovells has recruited a pair of experienced capital markets lawyers to bolster its corporate practice in Asia.

Dominique Jooris has left Goldman Sachs to become chief executive of Bank Pictet & Cie in Singapore.

VPower Group International Holdings has filed for an IPO in Hong Kong and is looking to raise $500m in the third quarter of the year.