Northeast Asia

Entertainment and gaming property firm Landing International Development is preparing a rights issue to raise HK$5.1bn ($662.9m), according to a filing with the Hong Kong Stock Exchange (HKEX) on Tuesday.

Bank of Communications Co has filed a draft prospectus for the spin-off and listing of its investment banking arm BoCom International in Hong Kong, according to an announcement on the city’s bourse.

China Development Bank Corp is kicking off the year with a bang, launching a euro/dollar dual currency bond across five tranches Tuesday morning.

Hong Kong’s FWD began marketing a new perp on Tuesday, returning to dollar market after a gap of more than two years.

Morgan Stanley has received approval to increase its stake in its Chinese securities venture from 33.3% to 49%, according to a source with knowledge of the agreement.

Hong Kong should look to further strength its economic ties with China as headwinds from Trump’s anti-trade rhetoric threaten to disrupt the US-China relationship and Brexit creates an uncertain outlook for Europe.

With today’s upcoming Brexit speech by the British prime minister likely to throw up more doubts about London’s future as a financial centre, Parisian financial lobby Europlace says France’s message is clear: your business, including in renminbi, is welcome.

Hong Kong Exchanges and Clearing (HKEX) has gone live with a volatility control mechanism (VCM) on its derivative market to prevent extreme price volatility.

BPCE was looking to launch the first ever non-preferred senior bond in the Samurai market this week, as European banks aim to broaden the range of debt securities they offer to yen investors.

The bank has reshuffled its management team in commercial banking in Asia, with senior bankers taking on new roles, according to a press release it sent out on Monday.

The fixed income product offering of Shanghai Free Trade Zone is about to expand with Shanghai International Port Group (SIPG) gearing up for a Rmb500m ($73m) one year commercial paper.

The latest syndicated loan for ZhengTong Auto Services, a luxury auto dealership, has wrapped up at $409m, racing past the launch size of $300m as Chinese lenders came in with big commitments.