London’s RMB deposits, forex business surged in H1 2014

London experienced a near doubling of its RMB deposit base in the first half of 2014, according to a report commissioned by the City of London Corporation and published on December 15. RMB-denominated foreign exchange trading also increased by 116% to $54tr, while RMB trade finance grew by 79% to Rmb26.5bn ($4.3bn).

  • By Paolo Danese
  • 15 Dec 2014

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 26.21
2 China CITIC Bank Corp 16.13
3 Everbright Securities 14.11
4 Bank of China (BOC) 13.10
4 China Merchants Bank Co 13.10

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 21-Jul-17 Everbright Water China 1,000
2 21-Jul-17 Maybank Malaysia 1,000
3 20-Jul-17 Longfor Properties China 2,000
4 10-Jul-17 China Jinmao Holdings China 2,500
5 07-Jul-17 China Everbright Holdings China 2,500

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