China Merchants Securities Co

Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.

Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.

Hong Kong’s new biotechnology-friendly listing regime attracted IPO filings this week from China-based Innovent Biologics and MicuRx Pharmaceuticals.

Lossmaking Babytree Group, a Chinese online platform for expecting parents, filed an IPO application in Hong Kong on Thursday.

51 Credit Card opened books on Friday for its HK$1.4bn ($173.9m) listing in Hong Kong, with 10 firms in the syndicate.

Chinese technology unicorn Meituan Dianping is seeking an IPO in Hong Kong that could raise upwards of $4bn.

Chinese steel e-commerce platform Zhaogang.com is seeking the green light for a Hong Kong IPO of up to $400m, according to a banker close to the deal.

Ganfeng Lithium will start pre-deal investor education for its IPO in Hong Kong on Tuesday ahead of an expected $1bn fundraising.

UBS appoints Asia DCM syndicate heads – BNP’s SEA loan syndicate head to relocate – Morgan Stanley’s ECM co-head dies at 41 – Goldman DCM banker moves to Macquarie – CMS’s Chien moves to buy-side – Citi builds Oz team – Wong leaves HSBC

China Merchants Securities’ head of equity syndicate in Hong Kong has taken up a new job in the capital markets team at Fidelity International.

The Panda bond pipeline is bursting at the seams with red chip Chinese names and SSAs preparing for renminbi deals, prompting some in the market to predict a new era of growth for the asset class.

China Energy Reserve & Chemicals Group Co (CERCG) said on Sunday evening that it has officially defaulted on its dollar bonds, marking the third offshore default from Greater China in recent weeks. Markets participants are not stressing about it though, but are instead optimistic about a strong week for primary and secondary markets.