Hong Kong SAR

CICC has filed its long-awaited IPO with the Hong Kong Stock Exchange, with the Chinese investment bank eyeing $1bn in proceeds. The trade is slated to launch at the end of September via leads ABC International and CICC, but interest is already building.

DBP hunts for funds — Oxley out with S$110m — LK Machinery seeks HK$600m

China Railway Signal & Communications Corp (CRSC) started investor education for its $2bn Hong Kong IPO on Monday, July 20, becoming the first issuer brave enough to proceed with its equity-raising plans following the mainland stock market’s dramatic collapse earlier this month.

Central China Securities Co is placing out new H-shares in a deal expected to raise HK$2.53bn ($327m). The trade makes it the first Chinese broker to tap equity investors for funds since China’s stock market meltdown sent the region into a tailspin earlier this month.

ABN Amro has announced the appointment of Oliver Kuan to CFO of the bank’s Greater China offices and wholesale banking Asia businesses.

Bank of America Merrill Lynch has given Peter Guenthardt the role of sole head of Asia Pacific global capital markets, following the departure of his former co-head and BAML veteran Jason Cox, according to a memo seen by GlobalCapital Asia.

Die casting machine manufacturer LK Machinery Co has launched syndication for an HK$600m ($77m) three year amortising loan, picking HSBC and United Overseas Bank to arrange the deal.

China Railway Signal & Communications Corp (CRSC) started investor education for its $2bn Hong Kong IPO on Monday, July 20, becoming the first issuer brave enough to proceed with its equity-raising plans following the mainland stock market’s dramatic collapse earlier this month.

James Holian, ANZ’s head of debt syndicate for Asia, has left his role and is now considering his options within the lender GlobalCapital Asia understands.

Hong Kong Treasury Markets Association (TMA) launched on Monday a set of RMB bond indicative quotes aiming at increasing the price transparency for RMB-denominated institutional bonds issued in Hong Kong by the Ministry of Finance (MoF) of China.

In this round-up, Hong Kong RMB deposits and cross-border RMB trade settlement recover slightly in May, Bank of Korea activates a RMB liquidity facility to support markets, Mizuho Bank launches free trade accounts in Shanghai's FTZ, and the FTZ authority ventures overseas with six new offices.

The mutual recognition of funds (MRF) scheme opens today for application by Mainland and Hong Kong-based fund managers. Foreign asset managers with mainland joint ventures are likely to enjoy early success, though analysts expect the programme to achieve wide popularity.