RMB Roundup – February 6

In this week’s roundup of offshore renminbi news, Hong Kong RMB deposits reached Rmb860.5bn by the end of December and Australia’s Westpac was granted a derivatives licence in China.

  • By Carrie Hong
  • 06 Feb 2014
Email a colleague
Request a PDF

• Renminbi deposits in Hong Kong rose by 4% to Rmb860.5bn ($142bn) in December, while the total remittance of renminbi for cross-border trade settlement amounted to Rmb469.6bn, a little up from Rmb439.4bn in November, according to statistics published on January 30 by the Hong Kong Monetary Authority.

• Westpac Institutional Bank has been granted a general derivatives licence by the China Banking Regulatory Commission, making it the third bank in China to be awarded such a licence under the new regulatory framework introduced in January 2011. With the new licence, Westpac’s Shanghai and Beijing branches will be able to launch new derivatives business, which will focus initially on G7 interest rate derivatives.

  • By Carrie Hong
  • 06 Feb 2014

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