Hong Kong SAR

The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.

Hong Kong jewellery company Chow Tai Fook has returned to the loan market for its annual borrowing.

A Chinese state-owned shareholder of Orient Overseas (International) has raised HK$840m ($108.2m) from the sale of a block of shares, according to a source familiar with the matter.

HSBC is mulling bolt-on acquisitions in wealth management, primarily in Asia, after capital was freed up by a favourable reassessment of credit losses stemming from the coronavirus pandemic.

Chinese state-owned company Genertec Universal Medical Group has returned to the loan market to syndicate a $700m-equivalent deal.

Crédit Agricole has appointed a new head of MTNs and private placements for Asia Pacific, GlobalCapital Asia has learnt.

Crédit Agricole has appointed Edouard O’Neill as chief executive officer of its Hong Kong branch and head of structured finance for Asia.

WuXi Biologics Holdings has raised HK$11.5bn ($1.49bn) after increasing a sale of shares in subsidiary WuXi Biologics (Cayman).

SF Real Estate Investment Trust has started pre-marketing its Hong Kong listing, a rare sighting of the asset class in the city.

Top Glove Corp, the world’s largest manufacturer of rubber gloves, has revised its planned Hong Kong listing down to a size of HK$6.9bn ($889m).

Meituan, a Chinese food delivery company, raised $10bn this week from a combined equity placement and convertible bond issue. Investors flocked to the deal for the investment grade rating and the offer of a highly liquid and volatile stock. Jonathan Breen reports.

China Gas Holdings fell by more than 11% on Thursday after it raised HK$11.66bn ($1.5bn) from the sale of new shares through a top-up placement.