At last: a Chinese IPO in Hong Kong which institutions believe has upside potential.
The bank seeks funding from shareholders to strengthen its balance sheet before tighter capital requirements come into force in 2019.
China's eighth largest brokerage by assets also becomes No8 out of the top 10 to attempt a Hong Kong Stock Exchange listing. The IPO is the largest by a brokerage this year.
DBS brings Southeast Asia's first covered bond, propelling Singapore into the global ranks of issuers.
Asian DCM markets continue to normalise with big order book for CCB Leasing's attractively priced deal.
The Indian export financial institution prices a $500 million bond aimed at funding climate change projects as regional investor familiarity towards the instrument improves.
The Chinese bank exercises the 15% upsize option in full to pull off this year’s largest new listing as Chinese investors come out in force to support the transaction.
The spin-off from Kerry Properties attracts massive demand and Cinda jumps more than 25% in its trading debut, confirming the current appetite for China exposure.
Investors submit more than $60 billion of orders as renewed appetite for China, attractive valuations and strong cornerstone support outweigh concerns about the distressed asset manager.
The spin-off from Kerry Properties will be fully covered when it opens today after attracting a lot of interest from international investors. Meanwhile, bankers start investor education for China Everbright Bank.
The long-awaited deal raises $250 million after being upsized by 77%. Separately, a former director of CIMC Enric pockets $121 million from the sale of his remaining shares in the company.
Half of the $943 million block trade is taken up by Swiss Re, giving it a 9.4% stake in the company at a time when analysts say the Chinese life insurance sector is undergoing a positive re-rating.
Cinda is looking to raise up to $3 billion from its Hong Kong listing and offers investors unique exposure to an entirely new part of China's financial sector.
The Chinese lender fixes the price towards the low end of the range, while Bank of Chongqing closes just below the IPO price in its trading debut.
The Chinese lender sets the price just below the mid-point at HK$6 per share after the mostly China-based cornerstones and anchor investors were joined by decent demand from international institutions.
The up to $1.3 billion deal was largely covered by China-based accounts pre-launch, highlighting once again the selective interest in new listings by institutional investors.
As the first Chinese bank to launch an IPO in Hong Kong in almost three years, Bank of Chongqing will be a test of investor appetite amid strict price regulations.
KEB raises $321 million from a sell-down in Hana, while IBK exits Shinsegae via an $82 million transaction.
Deal comes after a 10% rally in Shinhan’s shares in the past seven days. Separately, Zhuzhou CSR completes third private placement by a HK-listed Chinese group in one week.
The PCA Life Assurance sell-down is tightly priced but short-covering and a positive view on Taiwanese financial stocks get the deal across the line.