A peek into China's 2017 financial reform agenda

China’s financial markets have undergone a huge transformation over the past few years with a series of reforms aimed at improving access for foreign investors and liberalising its exchange rate mechanism. GlobalRMB reached out to several industry bodies to get a sense of initiatives they are working on and where China’s reform priorities lie this year.

  • By Rev Hui
  • 26 Jan 2017

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 43.01
2 Industrial and Commercial Bank of China (ICBC) 13.44
2 China Merchants Bank Co 13.44
2 Bank of China (BOC) 13.44
2 China CITIC Bank Corp 13.44

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 25-Apr-17 CAR Inc Hong Kong 300
2 20-Apr-17 China Merchants Port Holdings (CMP) Hong Kong 2,500
3 11-Apr-17 China Jinmao Holdings China 2,500
4 23-Mar-17 Sino-Ocean Group Holdings Hong Kong 4,000
5 16-Mar-17 Rusal Russian Federation 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Credit Agricole 12.89
2 Bank of China (BOC) 12.08
3 HSBC 9.64
4 Standard Chartered Bank 7.80
5 DBS 5.74

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
2 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
3 28-Nov-16 Loncin Holdings China 800
4 04-Nov-16 China Nuclear Engineering Group China 1,500
5 25-Oct-16 ICBC Tokyo branch China 500