Hong Kong SAR

Hong Kong-based Bank of China Group Investment is preparing to sell Rmb2.5bn ($391m) of Panda bonds, returning to the onshore market after more than a year.

Property manager Yuexiu Services Group has hit the road with an up to HK$2.41bn ($310.5m) IPO.

Nayuki Holdings, a Chinese teahouse chain, is set to launch its Hong Kong IPO on Friday, according to a source close to the deal.

Shanghai Junshi Biosciences has raised HK$2.56bn ($330.5m) in equity capital from a placement of shares that drew a solid response from investors both during wall-crossing and bookbuilding.

Red-chip issuer China Everbright Environment Group has raised Rmb2bn ($313m) from a Panda bond, ahead of a planned outing by sister company China Everbright Limited this week.

The Spac phenomenon in the US appears to be reaching a tipping point, after whetting the appetite of investors over the past year and offering juicy fees to investment banks. As the market in Asia gets ready for take off, firms should be wary of the obstacles they may face.

Gushengtang, a Chinese fintech-linked healthcare company, is plotting a listing in Hong Kong, riding on the strong positive sentiment among investors for companies in this industry.

Shanghai MicroPort MedBot (Group) Co, which designs and develops surgical robots, is getting ready to list on the Hong Kong Stock Exchange.

Gangfeng Lithium Co, the world’s largest lithium metal supplier, raised HK$4.869bn ($628m) from a placement over just two hours of bookbuilding as investors flocked to the Chinese company’s deal.

UniCredit has made a new senior hire in Asia to lead its client activities for South Korea.

Deutsche Bank has hired two former Barclays bankers to support its China business.

Agricultural Bank of China sold a multi-currency deal through its Hong Kong branch this week, raising $1.322bn.