China is reinvigorating its equity capital markets. After restarting IPOs in early 2014, it has since taken things up a notch by launching the landmark Shanghai-Hong Kong Stock Connect. And in August 2016, it went even further with a link between Shenzhen and Hong Kong announced. There is sure to be more to come.

Top Stories

  • The future of MMA beyond Stock Connect

    The upcoming launch of the Shenzhen-Hong Kong Stock Connect will give offshore investors access to close to 90% of China’s domestic stock market. Now the focus for the mutual market access (MMA) scheme will turn to new products including ETFs and bonds.

    • 18 Aug 2016
  • Shenzhen Connect: weighing up the changes

    The approval of the Shenzhen-Hong Kong Stock Connect came with a number of changes to the overall structure of the cross-border investment scheme. Markets are now debating the appeal and challenges of the new set-up.

    • 17 Aug 2016
  • The lowdown: Shenzhen-Hong Kong Stock Connect

    Chinese and Hong Kong authorities have finally agreed on a December 5 launch date for the Shenzhen-Hong Kong Stock Connect — just over two years after the launch of the Shanghai Connect. Here is GlobalRMB’s lowdown on what you need to know about the upcoming initiative.

    • 28 Nov 2016
  • Landmark Shenzhen Connect heralds end of aggregate trading quotas

    The Shenzhen-Hong Kong Stock Connect Scheme was officially given the go ahead by China’s State Council on Tuesday, with the Hong Kong Securities and Futures Commission (SFC) making the breakthrough announcement that the entire Stock Connect scheme will now operate without aggregate trading quotas. Exchange traded funds (ETFs) and derivatives are due to come in future expansions.

    • 16 Aug 2016

Shanghai-Hong Kong Stock Connect

  • Frankfurt-Shanghai Connect in the works, says CEINEX

    The China Europe International Exchange (Ceinex) is working with stakeholders on a cross-continental Stock Connect initiative, in a competing bid to plans by the London Stock Exchange, Ceinex's CEO told GlobalRMB.

    • 14 Jun 2016
  • Shanghai exchange answers MSCI stock suspension doubts

    The Shanghai Stock Exchange (SSE) published guidelines for future stock suspensions by mainland-listed companies, removing another roadblock to the inclusion of A-shares in the MSCI indices.

    • 27 May 2016
  • Dear China, stock market meddling will not help

    There are fresh signs that the China Securities Regulatory Commission is looking to crack down on backdoor listings by overseas-listed Chinese companies, with talk that it could move to block such deals. While clamping down on excessive speculation for reverse takeovers will do the market some good, the regulator should refrain from meddling.

    • 10 May 2016

A-share Reboot

  • Shenzhen Connect set for limited impact in primary

    The Shenzhen-Hong Kong Stock Connect could herald a new dawn in opening up China’s capital account, but its impact on primary markets may only be limited, equity capital market bankers said this week.

    • 17 Aug 2016
  • The lowdown: Shenzhen-Hong Kong Stock Connect

    Chinese and Hong Kong authorities have finally agreed on a December 5 launch date for the Shenzhen-Hong Kong Stock Connect — just over two years after the launch of the Shanghai Connect. Here is GlobalRMB’s lowdown on what you need to know about the upcoming initiative.

    • 28 Nov 2016
  • Everbright Securities shines through with $1bn IPO

    Everbright Securities has priced its Hong Kong IPO in the upper half of the marketing range, raising HK$8.62bn ($1.11bn).

    • 12 Aug 2016

Comment

Preference Shares

Panda Bonds Top Arrangers

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

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 CITIC Securities 7,763.12 41 5.89%
2 China International Capital Corp Ltd 7,717.05 36 5.85%
3 Goldman Sachs 6,964.89 30 5.28%
4 UBS 6,293.33 42 4.77%
5 China Securities Co Ltd 5,257.70 29 3.99%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jul 2017
1 HSBC 21,906.29 134 8.88%
2 Citi 18,576.11 115 7.53%
3 JPMorgan 15,143.53 82 6.14%
4 Standard Chartered Bank 11,503.67 80 4.66%
5 Bank of America Merrill Lynch 11,072.09 62 4.49%

Asian polls & awards

  • RMB internationalisation: 10 questions for the market, part 2

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.

  • RMB internationalisation: 10 questions for the market, part 1

    Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the first five questions.

  • Made in China: The best banks and deals of 2016

    You know who won, now find out why. GlobalCapital Asia and Asiamoney present the extended results of our 2016 China Deals and Investment Bank of the Year awards, recognising achievement both on and offshore.

  • Asia’s standout deals

    GlobalCapital Asia and Asiamoney present the extended results for our 2016 Best Country Deals. Discover why these bond, equity and loan transactions delivered outstanding outcomes for issuers and investors.

  • Aussie award winners: The best banks and deals of 2016

    The names have been announced, now find out why they stood out from the crowd. GlobalCapital Asia and Asiamoney present the extended results for our 2016 Australia Deals and Investment Bank of the Year awards, recognising achievement in equities, bonds, loans and investment banking.