Markets not holding breath over A-shares inclusion

The fate of Chinese A-shares in the MSCI emerging market index will be known on June 21 at about 4.30am Hong Kong time. While the likelihood of inclusion has gone up after MSCI’s latest consultation paper from March, experts are not expecting sizable capital inflows into Chinese equities to follow.

  • By Noah Sin, Paolo Danese
  • 20 Jun 2017

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 25.23
2 China CITIC Bank Corp 18.35
3 China Merchants Bank Co 14.91
3 Bank of China (BOC) 14.91
5 Everbright Securities 11.47

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 21-Jul-17 Maybank Malaysia 1,000
2 10-Jul-17 China Jinmao Holdings China 2,500
3 07-Jul-17 China Everbright Holdings China 2,500
4 23-Jun-17 Bank of China Group Investment China 1,500
5 12-Jun-17 China Traditional Chinese Medicine Holdings China 2,000

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

Pricing Date Issuer Country Size Rmb (m)
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
5 04-Nov-16 China Nuclear Engineering Group China 1,500