Hong Kong SAR

A new securities joint venture is set to be established under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), with six companies joining hands to form Yuegang Securities.

The former head of structured finance, commercial real estate and corporate advisory at Hang Seng Bank has resurfaced at First Gulf Bank.

Aircraft leasing firm BOC Aviation has raised HK$8.7bn ($1.1bn) from its IPO after a flood of orders from institutional and Hong Kong retail investors.

BOC Aviation has wrapped up bookbuilding for its HK$8.7bn ($1.1bn) with a wealth of demand from institutional and Hong Kong retail investors.

OTC Clearing Hong Kong (OTC Clear) is set to provide clearing services for cross-currency swaps (CCS) by the end of the year as it banks on the city’s status as a premium offshore renminbi hub.

Booming demand for Asian currency private paper has led to a dramatic year-on-year rise in MTN volumes denominated in Hong Kong dollars and offshore renminbi.

Hong Kong financial investment firm Sun Hung Kai completed a $361.6m exchange plus new money offering on Monday that was mostly gobbled up by the city’s private bank accounts.

The Hong Kong Exchange (HKEX) has announced the launch of the first RMB global currency index, with a new line of RMB currency futures approved for take off on May 30.

David Ratliff joined BNP Paribas as its head of financial institutions coverage for Asia Pacific on Monday, about two months after resigning from Citi.

Biostime International Holdings has begun syndication on a refinancing of a $450m bridge loan taken last year to fund its A$1.386bn ($995m) acquisition of a controlling stake in Swisse Wellness.

Chinese textile manufacturer Ningbo Shanshan Co has won approval from its board to take a pair of its subsidiaries public in Hong Kong, according to a filing with the Shanghai Stock Exchange.

Chinese property developer Powerlong Real Estate Holdings has inked a $120m term loan with three banks to refinance its existing notes.