Regulations stall Chinese offshore debt issuers

Chinese borrowers are itching to take advantage of cash rich investors in the offshore debt market but many have been delayed by the country’s registration process. This is leading to speculation that the National Development and Reform Commission (NDRC) is trying indirectly to control the outflow of capital. Morgan Davis reports.

  • By Morgan Davis
  • 16 Feb 2017
The NDRC this week picked 11 firms that will be given more flexibility to sell international bonds this year as part of a pilot programme. The scheme, which started last year with 21 borrowers, allows the 11 chosen ones to decide the timing of their bond issuance without ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

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

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Feb 2017
1 China International Capital Corp Ltd 3,764.17 7 11.54%
2 CITIC Securities 2,885.95 10 8.84%
3 Haitong Securities Ltd 2,766.73 16 8.48%
4 Goldman Sachs 2,591.61 5 7.94%
5 China Securities Co Ltd 2,120.55 13 6.50%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 22 Feb 2017
1 HSBC 5,558.78 30 9.86%
2 Citi 5,005.39 21 8.88%
3 JPMorgan 4,564.51 23 8.09%
4 Morgan Stanley 4,198.24 15 7.44%
5 Bank of America Merrill Lynch 3,028.46 14 5.37%

Asian polls & awards

  • Photos of the GlobalCapital Asia New Year Drinks and Awards Reception

    GlobalCapital Asia held a New Year drinks and awards reception at Le Bistro Winebeast in Hong Kong on February 15, 2017. Below is a selection of the best photos from the night. Our thanks to all who attended.

  • 2016 Best Country Deals: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our Best Country Deals, recognising the standout transactions in Asia. Our thanks to everybody who took time to pitch.

  • 2016 China Deals and Investment Bank of the Year: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our annual awards, recognising the best banks and transactions in China. Thanks to everyone who took time to pitch and our congratulations to the winners.

  • 2016 Australia Deals and Investment Bank of the Year: Results

    GlobalCapital Asia and Asiamoney are pleased to announce the results of our annual awards, recognising the best banks and transactions in Australia. Our thanks to everybody who took time to pitch.

  • Asiamoney Best Brands in Finance Poll

    Asiamoney is delighted to announce the launch of the Asiamoney Best Brands in Finance Poll. We want to hear what you, our readers, think makes a top brand among financial market participants in Asia-Pacific — and which companies have the very strongest brands in the markets you know best.