Northeast Asia

In this round-up, US president Donald Trump threatened to raise tariffs on China if the phase one deal is not reached, two Republican senators took action to speed up the passing of the Hong Kong Human Rights and Democracy Act and Chinese president Xi Jinping wrapped up a state visit to Greece.

Alibaba Group Holding has fixed the price for the retail portion of its secondary listing in Hong Kong after launching the deal without a marketing range, according to an announcement by the company.

UBS has hired from insurance company FWD Group to fill the position of head of financial institutions group for Asia Pacific.

In this round-up, Alibaba Group Holding’s Singles’ Day sales hit a record high, industrial production growth and credit growth both slowed in October and Standard Chartered’s Renminbi Globalisation Index reached a year-to-date high.

OneConnect Financial Technology, an arm of Chinese financial conglomerate Ping An Group, has set the ball rolling for an up to $100m US IPO, having previously sought to list in Hong Kong.

Andrea Casati, vice-chairman of equity capital markets for Asia Pacific at UBS, left the bank earlier this month, according to a source close to the situation.

China Aluminum International Engineering Corp (Chalieco) raised $350m from a senior perpetual bond after closing the order book much earlier than usual. Shanghai Electric (Group) Corp made a rare visit to the dollar market.

Natixis adds to green team — SocGen picks new Apac CEO — GS India co-CEO retires

A Citi banker was arrested by Hong Kong police this week, as the protests in the city intensified.

Over my many years in Hong Kong, I have seen a lot. I've watched the city go from being a British colony to become part of China. I've seen a real estate boom and luxury shopping replace old local stores. I've seen protests and political turmoil. But all that has little prepared me for what has happened here this week.

China Development Bank hired a dozen foreign banks for its latest green bond, raising Rmb10bn ($1.4bn) from a domestic market deal that attracted major offshore demand. Rebecca Feng reports.

Alibaba Group Holding has kicked off its up to $13.4bn Hong Kong IPO, set to be the largest listing on the bourse for nearly a decade. Bankers are confident the deal will be a success, but they are navigating challenging times in the city’s stock market, which plunged this week as violence during protests escalated. Jonathan Breen reports.