Singapore

Investors threw their weight behind two IPOs in Asia this week, with WuXi Biologics set to price at the top of expectations in Hong Kong and Singapore’s HRnetGroup getting covered across the range.

DBS Group Holdings and HSBC Holdings are wooing debt investors, with the former seeking a dollar senior deal, and the latter a Singapore dollar perpetual. The Export-Import Bank of China (Chexim) is also collecting bids for its fundraising.

Credit Suisse and United Overseas Bank have become the latest lenders to be penalised by the Monetary Authority of Singapore for breaches related to scandal-hit Malaysian sovereign wealth fund 1MDB.

Singapore Exchange and Infocomm Media Development Authority (IMDA) signed a pact on Wednesday to help fast growing technology companies raise capital in the country's private and public markets.

DBS Group Holdings is preparing its comeback to the international bond market, having mandated leads for a senior outing denominated in dollars.

Singapore’s HRnetGroup has thrown open books for its up to S$174m ($125.7m) IPO and is preparing for a week-long roadshow, according to a termsheet seen by GlobalCapital Asia.

China’s FX market records Rmb11.38tr ($1.65tr) of transactions in April, the State Administration of Foreign Exchange releases more foreign investment quotas, and CFETS completes first options write-off in the interbank market.

The PBoC is rumoured to be looking into making the daily fixing more stable, MSCI says there are still questions on including A-shares in its emerging market index in June, and Vanguard sets up its first wholly foreign owned entity (WFOE) in Shanghai.

Natixis has hired former Goldman Sachs banker Ashish Jain as head of fixed income, commodities and equity derivatives sales for southeast Asia and Australia, part of an expansion of its cross-asset solutions in the region.

Standard Chartered has become the first non-Chinese bank in Singapore to close a dollar-renminbi FX forward trade via the onshore China Foreign Exchange Trade System (CFETS), the firm said in a statement on Thursday.

Internet and mobile platform company Sea, formerly known as Garena Interactive Holding, is planning a US IPO, according to a source familiar with the matter.

Transportation Partners and China National Chemical Corp will meet fixed income accounts for their respective dollar bonds, while names like Poly Culture Group Corp, Macrolink Culturaltainment Development Co, Oceanwide Holdings Co and Jiangxi Ganfeng Lithium Co are planning to go offshore.