Hong Kong SAR

Postal Savings Bank of China has picked five banks to lead its listing, which could raise as much as $15bn to become the largest IPO in Hong Kong in five years.

GCL-Poly Energy Holdings’ rights issue to raise HK$3.47bn ($443.64m) has been poorly received, with the Chinese power firm’s shareholders coming in for just a little more than a third of the offering.

Macau casino operator SJM Holdings has enlisted one bank to sound out lenders for a HK$25bn ($3.2bn) loan for a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

Haitong International Securities is due to make a comeback to the syndicated loan market shortly for a loan of up to HK$10bn, with eight mandated lead arrangers and bookrunners at the helm.

China Oceanwide Holdings has mooted a one-for-two rights issue to raise HK$4.57bn ($584.27m), as the group seeks to grow its asset base outside of the Mainland via acquisitions.

China Railway Rolling Stock Corp unveiled a rare H-share convertible bond on Monday, raising $600m with what is only the second deal in the format in nine years.

Goodbaby China Holdings started taking orders on Tuesday for a HK$1.3bn ($160.8m) IPO in Hong Kong, as the firm hopes to rise above volatile markets with a compelling discount to its peers.

After almost five years, Hong Kong has recognised Russia as an accepted jurisdiction for issuers looking to list in the city. But whether the ties would be a game-changer for Asian equity capital markets is a big question, writes Philippe Espinasse.

A former Commerzbank banker has resurfaced as a member of National Australia Bank’s Asia DCM team.

Hua Han Health Industry Holdings is eyeing the international bond market for the first time, having mandated one bank to work on a dollar-denominated deal.

GF International Investment Management has promoted Tom Ding to the position of chief executive officer, the Chinese asset manager announced last Friday.

Waste to energy firm Jinjiang Environmental is planning an IPO in Singapore to raise up to $500m in the first half of the year, according to sources close to the transaction.