Hong Kong SAR

China is likely to see the volume of global payments denominated in RMB rise to match its weight in the global economy, according to Esmond Lee, executive director, financial infrastructure, at the Hong Kong Monetary Authority.

As the world's largest consumer of commodities, China is trying hard to make the RMB a bigger player in those markets. But while the long term strategy makes plenty of sense, its short term implementation faces a number of headwinds, despite the Hong Kong Exchange Group’s (HKEx) best intentions.

UBS is planning to swap senior members of its China onshore and offshore teams as it looks to further strengthen its mainland business, according to an internal memo seen by GlobalCapital Asia.

Commentary around the one year anniversary of the Shanghai-Hong Kong Stock Connect seems pretty unanimous in suggesting the scheme has failed to achieve its goals. However, if one looks at past Chinese experiments in capital account liberalisation, the Stock Connect’s early performance should neither surprise nor disappoint.

Bank of Jinzhou Co commenced investor education on Tuesday for its $600m IPO in Hong Kong, having appointed five banks as joint global co-ordinators.

Société Générale has transferred Sylvie Leclercq from Europe to Hong Kong to head up the French lender’s export finance unit in the city.

UNV Digital Technologies has begun gauging investor appetite for its $150m IPO in Hong Kong, as the Bain Capital-backed firm gets ready to list.

Dali Foods Group Co priced its HK$8.87bn ($1.14bn) Hong Kong IPO close to the bottom of the range, as price sensitive investors called the shots.

Wenzhou Kangning Hospital priced its Hong Kong IPO at the top of guidance on November 13, leaving investors breathless as they flooded the HK$681m ($88m) deal with orders worth billions of dollars.

China's Ministry of Finance (MoF) is set to auction the second batch of CNH government bonds this year in Hong Kong on November 23. Although it seems the renminbi has secured its inclusion in the IMF’s Special Drawing Rights (SDR) basket, market participants doubt this will give an immediate boost to the CNH market.

Eastspring Investments, the Asian asset management arm of Prudential, has added four people to its equity team in Hong Kong as it looks to expand resources across a number of investment strategies.

Citi has hired former Credit Suisse banker, Jan Metzger, as its new Asia Pacific head of technology, media and telecom (TMT), according to an internal memo seen by GlobalCapital Asia.