Bond Connect to use Tradeweb infrastructure

Tradeweb is working with Hong Kong Exchange (HKEX) to provide the infrastructure for Bond Connect, which will give foreign investors access to the Chinese interbank bond market, GlobalRMB has learned.

  • By Paolo Danese
  • 23 Jan 2017

Speculation about Bond Connect has been ongoing for over a year, with little detail on HKEX's plans so far.

Yet the scheme is set to launch this year, with HKEX pursuing the addition of exchange-listed bonds to its existing Stock Connect scheme, as well as offering CIBM connectivity ...

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 34.81
2 China Merchants Bank Co 20.57
3 Bank of China (BOC) 17.41
3 China CITIC Bank Corp 17.41
5 Industrial and Commercial Bank of China (ICBC) 7.91

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 23-Jun-17 Bank of China Group Investment China 1,500
2 12-Jun-17 China Traditional Chinese Medicine Holdings China 2,000
3 22-May-17 CITIC Bank International China 3,000
4 19-May-17 China Power New Energy Development Co China 800
5 17-May-17 Daimler Germany 4,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 JP Morgan 49.70
2 Barclays 10.06
2 Citi 10.06
2 HSBC 10.06
2 Bank of China (BOC) 10.06

Latest Offshore RMB Bonds

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1 01-Jun-17 Ocean Wealth (Parent: China Orient Asset Management) China 632
2 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
3 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
4 28-Nov-16 Loncin Holdings China 800
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