Northeast Asia

The emergence of securitization deals equipped with international ratings are a sign that Bond Connect investors are aiming for variety beyond government bonds, a senior official at the Chinese central bank told GlobalRMB on Tuesday.

Opera’s planned $115m Nasdaq IPO now has a cryptocurrency angle after Bitmain, a Chinese bitcoin miner, joined the deal as an anchor investor.

Hong Kong’s efforts to establish its position as a regional hub for technology companies are bearing fruit as IPO filings pile up. But the real measure of success will come after the summer, when the listings face a market saturated with new economy issuers.

The National Development and Reform Commission (NDRC), China’s offshore bond regulator, has described media reports claiming it would ban bonds with maturities of under one-year as “groundless”.

Pinduoduo, one of China’s hottest internet start-ups, has filed for a $1bn IPO in the US, upping the ante in an e-commerce landscape dominated by Alibaba Group.

Chong Hing Bank’s head of structured finance has resigned, according to a source close to the move.

Fresh from a successful Shanghai IPO in May, WuXi AppTec is pushing for a dual-listing in Hong Kong worth a possible $2bn.

The insurance watchdog in Hong Kong is hoping to mimic Stock Connect as it considers a cross-border access scheme with the mainland market, the renminbi is the fifth most used payments currency, and DBS is planning to set up a securities joint venture in China.

China Tower Corp is set to begin premarketing its Hong Kong IPO next week, after winning listing approval on Thursday for what is expected to be a $10bn deal, according to a source close to trade.

The Chinese central bank’s monetary policy committee reiterates its neutral stance, top economic planner to abolish foreign ownership limits in the financial sector in three years, and the vice premier argues that protectionism could drag global growth into negative territory.

Redsun Properties Group hit the road on Thursday to drum up buy-side demand for its potential HK$2.5bn ($324.2m) Hong Kong IPO.

Hangzhou Steam Turbine & Power Group is seeking a new $100m offshore borrowing.