Northeast Asia

Shanghai Dazhong Public Utilities Group Co priced its Hong Kong IPO below the midpoint of expectations on Tuesday, fetching HK$1.72bn ($222.27m).

Chinese selfie app maker Meitu has cracked open books for its potential HK$5.5bn ($710.4m) IPO, a deal notable for coming from the technology sector — a rarity in Hong Kong’s primary market.

Loncin’s debut international bond squeaked into the quiet dim sum market on Monday, raising Rmb800m ($116m). However, the outlook for offshore renminbi debt remains poor as issuers and investors stay away.

Chow Sang Sang Holdings International, the Hong Kong jewellery retailer, is expanding its securities business to onshore China, signing a joint venture with several Mainland partners.

Global Financial Markets Association (GFMA) announced a series of management changes on Monday US time, including the appointment of a new chief executive officer.

State Power Investment Corp (SPIC) kicked off this week's Asia bond market, opening books to a dual-tranche offering on Tuesday morning Asia time.

The launch of Shenzhen-Hong Kong Stock Connect is an exciting development but of more importance is whether this further opening up of China’s capital account increases the odds of A-shares making it into the MSCI Emerging Markets Index, according to market participants.

Eurex, the derivatives exchange of Deutsche Börse, has launched a daily future linked to the Kospi-200 index, which will be fully fungible with contracts traded on the Korea Exchange (KRX).

An A$500m ($380m) five year facility to support Philippine company Universal Robina Corp’s (URC) acquisition of Snack Brands Australia has attracted commitments from about 15 banks.

State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.

Paint and coating manufacturer CPM Group is planning to float its shares in Hong Kong, according to a draft prospectus filed with the city’s bourse.

The Shanghai Municipal government has sent out a request for proposals to banks and securities houses interested in underwriting the city’s upcoming free trade zone (FTZ) bond.