Agricultural Bank to raise $15.8b in China’s biggest follow-on share offering


The fundraising comes as Chinese banks prepare to shift to more stringent accounting standards known as IFRS9 this year.

China: Ant Financial’s consumer lending said to reach $95b

Ant currently has more outstanding consumer loans than China’s second-biggest bank.

China’s Sinochem to list key oil assets in $2b Hong Kong IPO

The float comes amid a push by Beijing to inject new life into bloated state-owned enterprises by encouraging private capital investment in the enterprises.

Cathay Capital, OrbiMed exit French diagnostics firm Echosens

Cathay Capital Private Equity and OrbiMed have sold their respective stakes in Echosens to European PE Astorg.

Shunwei Capital leads $100m round in VR home design platform Kujiale

The platform allows users to see their design in a panoramic VR effect, helping designers generate renderings in a matter of seconds.

China’s Huarong Asset buys 36.2% stake in energy group CEFC

State-controlled China Huarong Asset Management is buying the stake in the CEFC unit acquiring a $9.1 billion stake in Russia’s Rosneft.

Hong Kong suspends UBS as IPO lead underwriter for 18 months

UBS did not specify what led to the suspension.

People: Lumen beefs up North Asia pvt banking team; Bank of Singapore appoints HK chief

Singapore-based wealth manager Lumen Capital Investors has appointed two new private bankers, former Nomura executives Masahiro Kojima and Trina Pek, to its North Asia team.

China’s tech giants may still shy away from plans to bring them home

For large Chinese firms, a CDR would mean bowing to the demands of CSRC, a regulator known to change the rules, and open and close the IPO market at will.

HK-based EmergeVest buys UK logistics firm CM Downton for $103m

EmergeVest said this marked its seventh acquisition in the UK logistics sector since inception.