Hong Kong SAR

Global asset manager Standard Life Investments (SLI) has appointed two multi-asset specialists to the new role of investment director.

The London Metal Exchange (LME) has accepted offshore renminbi (CNH) as eligible cash collateral for its clearing house, LME Clear, following regulatory approval from the Bank of England. LME Clear told GlobalRMB that the initiative laid the foundation for further expansion in the future.

Just when it seemed like calm was returning to China’s whipsawing stock market, investors were thrown another curveball on Monday, as Shanghai suffered its worst one-day plunge in eight years. While ECM desks in Hong Kong were rattled by the rout, they are not pressing the panic button.

Citic Capital Holdings has hit the market for a HK$1.8bn ($232m) three year loan, with six mandated lead arrangers and bookrunners in tow. The company is paying a lower margin for the three year borrowing than for a two year it signed in 2013.

Port and ferry service provider Zhuhai Holdings Investment has allocated its new borrowing after raising the size to HK$2bn ($258m), twice the amount at which it was launched.

Central China Securities Co wrapped up a HK$2.53bn ($327m) placement on July 24, allowing its shares to resume trading on Monday after what had turned out to be a longer-than-usual bookbuilding process.

China International Capital Corporate (CICC) has filed for its IPO in Hong Kong. It is a venerable name, but as Philippe Espinasse writes, its best days may be behind it.

China Railway Signal & Communication Corp (CRSC) hit the road for its HK$14.00bn ($1.81bn) IPO in Hong Kong on July 27, launching the trade with a covered book and putting half of the offering in the hands of a whopping 16 cornerstone investors.

In this round-up, Singapore's RMB business continues to grow, China RMB cross border trade settlement jumped 25% in June, Taiwan's RMB deposits inch up in June, the Stock Connect's northbound quota is replenished by the A-share sell-off in July, and Malaysia settled 1.9% of its trade with China in RMB in the first month of launching a clearing bank.

Trading in Central China Securities Co remained suspended for a second day as bookbuilding for its HK$2.53bn ($327m) accelerated block trade, launched on July 23, went on longer than expected.

Hong Kong-based banker Justin Kwok has started working CCB International in a senior ECM role, having joined the bank a few week ago, sources tell GlobalCapital Asia.

CICC in limelight for $1bn — LIG Nex1 gets IPO nod — Pakistan preps for State Life sale — San Miguel brews $739m