Financial liberalisation still on for China, says Safe’s Pan

Recent capital control measures enacted by China have led to concerns that the authorities might be reversing past efforts to liberalise the country's financial markets. But the administrator of the State Administration of Foreign Exchange (Safe), Pan Gongsheng, is adamant that more reforms are on the cards especially in regards to attracting more inflows.

  • By Rev Hui
  • 14 Feb 2017

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
3 Agricultural Bank of China (ABC) 10.59
4 HSBC 6.99
5 Industrial and Commercial Bank of China (ICBC) 6.36

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 24-Nov-16 Powerlong Real Estate Holdings China 3,500
2 23-Nov-16 China Everbright Limited China 4,000
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4 02-Nov-16 National Bank of Canada Canada 3,500
5 26-Oct-16 China Gas Holdings China 2,000

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

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1 28-Nov-16 Loncin Holdings China 800
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4 20-Oct-16 ICBC Sydney Branch China 1,200
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