Opinion: China reforms key to HK renminbi bond market

If Beijing is serious about developing Hong Kong’s renminbi bond market, it needs to change convertibility rules and allow corporates to sell paper to swell liquidity and add diversity. It must also issue regularly in the city to help create a benchmark.

  • 09 Sep 2009

China is taking a step towards deepening Hong Kong’s renminbi bond markets with its Rmb6 billion (US$868 million) sovereign debt sale set for the end of this month.

Still, more needs to be done to develop the sector, as much for China as for Hong Kong.

The move is ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 05 Dec 2016
1 Citi 45,626.68 211 9.27%
2 HSBC 44,829.32 265 9.10%
3 JPMorgan 40,433.80 168 8.21%
4 Bank of America Merrill Lynch 30,693.74 131 6.23%
5 Deutsche Bank 21,002.85 82 4.27%

Bookrunners of LatAm Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 JPMorgan 13,739.39 37 12.32%
2 Citi 12,632.94 34 11.33%
3 Bank of America Merrill Lynch 11,827.25 31 10.61%
4 Santander 10,506.02 28 9.42%
5 HSBC 10,437.21 32 9.36%

Bookrunners of CEEMEA International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 Citi 17,026.58 66 10.99%
2 JPMorgan 16,685.39 67 10.77%
3 HSBC 12,439.83 58 8.03%
4 Barclays 9,018.97 31 5.82%
5 BNP Paribas 7,464.17 24 4.82%

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Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 195.08 50 10.55%
2 Goldman Sachs 162.26 37 8.77%
3 Morgan Stanley 141.22 46 7.64%
4 Bank of America Merrill Lynch 114.20 33 6.18%
5 Citi 95.36 35 5.16%

Bookrunners of Central and Eastern Europe: Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 06 Dec 2016
1 UniCredit 3,966.12 27 12.90%
2 SG Corporate & Investment Banking 2,798.04 16 9.10%
3 Citi 2,601.08 17 8.46%
4 ING 2,541.41 20 8.26%
5 HSBC 1,663.71 16 5.41%

Bookrunners of India DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 07 Dec 2016
1 AXIS Bank 7,223.53 137 20.44%
2 HDFC Bank 5,194.87 128 14.70%
3 Trust Investment Advisors 3,919.17 169 11.09%
4 ICICI Bank 2,268.23 62 6.42%
5 Standard Chartered Bank 2,056.93 31 5.82%