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  • Baozun Inc has opened books on its up to $154m IPO on the Nasdaq, with the trade getting some early traction from Chinese investors keen to get their hands in the country's first e-commerce listing in the US this year.
  • HTSC is testing investor appetite for an up to $4bn IPO in Hong Kong as investors continue to chase gains in China’s brokerage sector and the arbitrage opportunities between A and H-shares.
  • The first international new issue from a Brazilian borrower since November 2014 traded up around a point and half on Friday to leave the Latin American market wide open for other borrowers from the country.
  • Korea Development Bank (KDB) is out in the international debt market this week, hoping to receive better reception than its last dollar bond in September 2014.
  • The Asia ex-Japan convertible bond market is finally seeing some action following a subdued start to 2015 thanks to United Microelectronics Corporation (UMC), which opened books to a $600m currency-linked CB on May 11.
  • The expansion of the Stock Connect programme and other “mutual market” initiatives could see Hong Kong’s capital markets expand by $4.4tr by 2020, according to a joint report by Daiwa and CBRE.
  • Hong Kong listed Fosun International has allocated its latest borrowing among 22 lenders. Banks are eager to establish a relationship with Fosun, which is snapping up assets across continents. Their interest led the Chinese company to increase its loan to $800m from $500m.
  • A weekend rate cut by the People's Bank of China (PBoC) boosted China's equity market on Monday and supported the short end of the CNY rates curve. Foreign receivers were active in 1-2 year NDIRS and traders expect the steep 1s/5s slope to trigger profit-taking soon.
  • The renminbi is finding support from small and medium enterprises (SMEs) around Asia, according to a new survey by consulting firm East & Partners.
  • UBS is bracing itself for a high profile departure as David Chin, the Swiss lender’s head of corporate client solutions (CCS), is set to retire in the summer, according to an internal memo seen by GlobalCapital Asia.
  • Hong Kong-listed Fosun International has launched a top-up share placement to raise $1bn, which comes in the wake of a recent acquisition spree.
  • Egypt’s Integrated Diagnostics Holdings rose 26% on Wednesday, its first day of trading in London, and has risen a further 11% since then, after the firm priced its massively popular rebooted IPO.