Latest Asia Derivatives Regulation news

  • Push on blockchain as market faces big inefficiency dangers

    Blockchain came sharply into focus this week for the derivatives market, as industry bodies warned on both the need for such technology and to regulate its use. Meanwhile, firms rolled out a range of new initiatives to address the market’s mounting challenges around margin and settlements.

    • 22 Sep 2016
  • Hong Kong's SFC looks to relax derivative limits

    Hong Kong’s Securities and Futures Commission has begun consultations with market participants over plans to grow its futures and options market by relaxing trading position limits for listed derivatives.

    • 20 Sep 2016
  • Wrong approach on Japan derivs, but right result

    The US Commodity Trading Futures Commission's split over whether to accept Japan's uncleared margin rules as equivalent to the US was not an ideal outcome. But the decision, however contentious, is a pragmatic step which will motivate further convergence between regulatory regimes.

    • 13 Sep 2016
  • RMB round-up: HK sees deposits drop, HKEX new contracts set records, Shenzhen Connect closer

    In this round-up, Hong Kong sees further drops in its RMB deposits base in June, new RMB futures contracts on the Hong Kong Exchange (HKEX) reach trading records in early August, and a Chinese regulator sets up a working group to prepare for the Shenzhen Connect launch. Plus, a recap of GlobalRMB's top stories this week.

    • 12 Aug 2016
  • ISDA touts Hong Kong mandatory clearing tool

    The International Swaps and Derivatives Association has published a ‘clearing classification letter’ that will enable derivative counterparties to notify each other of their status for clearing requirements under Hong Kong’s mandatory clearing regime.

    • 25 Jul 2016
  • RMB round-up: new RRR to help CNH liquidity, Singapore’s RMB bet, Shenzhen ready to Connect

    In this round-up, China introduces a new calculation for bank’s reserve ratio, trading of RMB futures in Hong Kong drops, the Shenzhen Stock Exchange (SZSE) is ready for Hong Kong Connect, and Singapore’s central bank sees a slowdown in RMB internationalisation. Plus, a recap of GlobalRMB’s coverage this week.

    • 10 Jun 2016
  • RMB round-up: May 27, 2015

    In this round-up, the Shanghai-Hong Kong Stock Connect see steady volumes on its southbound channel, the Sino-German exchange in Frankfurt marks its first six months and HKEX offers new details on its expanded RMB futures. Plus, a recap of GlobalRMB’s top stories this week.

    • 27 May 2016
  • HKEX launches RMB basket index, grows futures offering

    The Hong Kong Exchange (HKEX) has announced the launch of the first RMB global currency index, with a new line of RMB currency futures approved for take off on May 30.

    • 24 May 2016
  • PBoC to issue debut SDR bond as structured note

    The People’s Bank of China (PBoC) is likely to issue its planned onshore bond denominated in special drawing rights (SDR) as a multi-currency structured note, according to industry participants.

    • 20 May 2016
  • RMB commodities pricing: the next step in internationalisation agenda

    China’s authorities are moving to liberalise the commodities market and introduce renminbi pricing for more and more asset classes as the country puts its focus on furthering global usage of the currency.

    • 10 May 2016
  • China gold moves put market in spotlight, says WGC

    The People’s Bank of China announced new measures on Wednesday to facilitate cross-border trading in the country’s gold market. The rules follow the launch of a new pricing benchmark in April, which is expected to draw renewed attention to the gold market internationally, according to the World Gold Council (WGC).

    • 04 May 2016
  • ISDA tackles margin rules, trade reporting and team shuffle at AGM

    The International Swaps and Derivatives Association (ISDA) used its 31st annual general meeting in Tokyo this week to publish the first in a series of documents to help market participants comply with margin requirements for non-cleared derivatives. It also joined other industry bodies in a clarion call for global regulators to drop dual-sided derivatives trade reporting in favour of an entity-based approach.

    • 14 Apr 2016
  • PBoC allows central banks to freely repatriate RMB

    Foreign central banks will be allowed to repatriate their RMB holdings without restrictions if they have invested in China’s interbank bond market (CIBM) or traded in the onshore foreign exchange market, said the People’s Bank of China (PBoC) in two announcements released on April 14.

    • 14 Apr 2016
  • China gold benchmark puts spotlight on RMB-denominated commodities

    China is set to launch a new gold price benchmark via the Shanghai Gold Exchange (SGE), according to market participants. The initiative will see the involvement of both local and foreign financial institutions, marking a new achievement in China’s quest to make the RMB a reference currency in the commodity markets.

    • 14 Apr 2016
  • RMB round-up: March 18, 2016

    In this round-up, China's cross-border trade settlement fell to a near three-year low in February, CME reports record levels of trading in its offshore RMB futures, RMB spot trading fell but swap trading surged on the Moscow Exchange, Singapore renewed its currency swap line, and Deutsche Bank sets up a the first interbank host-to host platform by a foreign bank in China. Plus, a recap of GlobalRMB's top stories this week.

    • 18 Mar 2016

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 26 Oct 2016
1 CITIC Securities 15,417.46 59 6.69%
2 Morgan Stanley 11,809.74 49 5.12%
3 GF Securities Co Ltd 11,402.65 45 4.95%
4 Deutsche Bank 8,930.26 36 3.87%
5 China Securities Co Ltd 8,697.57 46 3.77%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 25 Oct 2016
1 HSBC 25,655.98 155 9.54%
2 Citi 24,170.03 132 8.99%
3 Bank of America Merrill Lynch 21,409.23 104 7.97%
4 JPMorgan 18,713.00 109 6.96%
5 Goldman Sachs 12,065.00 52 4.49%