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
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• 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 Bank of China (BOC) 28.78
2 CITIC Securities 22.01
3 China CITIC Bank Corp 10.16
4 Industrial and Commercial Bank of China (ICBC) 7.90
4 Everbright Securities 7.90

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 19-Sep-17 Skyworth Digital Holdings China 2,000
2 14-Sep-17 Bank of China (Hong Kong) (BOCHK) China 9,000
3 05-Sep-17 Joy City China 1,000
4 01-Sep-17 Rusal Russian Federation 500
5 23-Aug-17 Daimler Germany 5,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 JP Morgan 38.18
2 Standard Chartered Bank 23.18
3 Barclays 7.73
3 Citi 7.73
3 HSBC 7.73

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 22-Sep-17 Royal Bank of Canada Canada 900
2 01-Jun-17 Ocean Wealth (Parent: China Orient Asset Management) China 632
3 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
4 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
5 28-Nov-16 Loncin Holdings China 800