Northeast Asia

Chinese authorities are once again voicing their desire to get back on track with the reform agenda. But Bond Connect aside, there is not much evidence the powers that be are delivering on that promise — as the International Monetary Fund (IMF) rightly makes clear in its China country report.

A third equity banker has left the senior ranks of Goldman Sachs to join HSBC in Hong Kong, following Chito Jeyarajah’s recent exit from the US bulge bracket firm.

Harbin Bank, China Orient Asset Management and Baota Petrochemical Group are one step closer to raising funds in the international capital markets, having received regulatory approvals for foreign currency bonds.

Melco International Development is planning to spin off and list its Macau gambling and entertainment resort Studio City in the US, according to a Hong Kong Stock Exchange filing on Monday.

Hong Kong’s Wing Tai Properties is looking for a Singapore dollar denominated bond, its first debt transaction in three years.

China’s Cifi Holdings is taking orders for a perpetual non call five year bond on Tuesday, returning to the public dollar debt market after more than two years.

Nasdaq-listed YY launched a share sale on Monday that could raise around $463m based on its latest price.

Hong Kong Exchanges and Clearing (HKEX) is pressing ahead with plans to extend after-hours trading for equity index futures contracts and will eventually extend the 'T+1 session' to 3am.

Chinese biopharmaceutical company Zai Lab has appointed a pair of firms to lead its US listing, as a host of other Mainland companies also prepare to float across the Pacific.

Shandong International Trust Co has returned for a second attempt at a Hong Kong listing, refiling a draft prospectus six months after cancelling its $300m IPO.

John Wade has joined Mizuho Securities as head of debt capital markets for Asia Pacific, based in Hong Kong.

China Merchants Bank Co has received the blessing from the China Banking Regulatory Commission to raise Rmb35bn ($5.25bn) in additional tier one capital from the domestic and foreign markets.