Latest RMB derivatives news

  • IFC ready for renminbi return

    Already a pioneering issuer in the currency, the International Finance Corporation (IFC) believes greater regulatory clarity will provide a fresh boost to its onshore and offshore renminbi funding plans, Monish Mahurkar, director for treasury market operations, told GlobalRMB.

    • 13 Oct 2016
  • Total Derivatives: CNY steepening to meet resistance?

    The CNY steepening move is continuing but expected to meet resistance soon. China's bond market faces joint regulation from PBOC and CSRC. ICBC is planning a dim sum bond issue, writes Deirdre Yeung of Total Derivatives.

    • 05 Sep 2016
  • Total Derivatives: Data expected to slow CNY steepening

    An improvement in global risk sentiment has helped steepen the CNY curve this week but sources expect weakness in upcoming domestic data to limit scope for further steepening from current levels, writes Deirdre Yeung of Total Derivatives.

    • 30 Aug 2016
  • Total Derivatives: CNY curve steepens after Yellen

    Last week's comments from Fed Chair Yellen have increased US rate hike expectations, supporting upward momentum in long CNY swap rates and a steeper curve. Sources say the move is likely to be short lived and that domestic data will provide direction again later this week, writes Deirdre Yeung of Total Derivatives

    • 29 Aug 2016
  • Total Derivatives: Shorts bid; Scope for CNY flattening

    China has been buying negative-yielding JPY bills to profit from using USD/JPY basis swaps. Short NDIRS have been bid. The curve is flattening and sources see scope for it to flatten further before 1s/10s meets resistance around the 35bp level.

    • 23 Aug 2016
  • HKEX begins cross-currency clearing

    Hong Kong Exchange, through its subsidiary OTC Clear, has launched a clearing service for cross-currency swaps, beginning with the dollar/offshore renminbi currency pair.

    • 15 Aug 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
  • Total Derivatives: RRR cut bets; CNY steepening scope

    Weak Chinese manufacturing data and a stronger yuan have steepened the CNY rates curve. RRR cut bets have helped the 2-year sector outperform. Sources see scope for further steepening across the 2s/10s slope, writes Deirdre Yeung of Total Derivatives.

    • 01 Aug 2016
  • Total Derivatives: PBoC support anchors short CNY rates

    The short-end of the CNY NDIRS curve is continuing to outperform the longer maturities as the PBoC keeps the financial system liquid ahead of month-end. Sources are wary ahead of this week's FOMC and BOJ announcements but say firmer domestic data could back more steepening momentum near-term, writes Deirdre Yeung of Total Derivatives.

    • 26 Jul 2016
  • Total Derivatives: Weak yuan to back steeper CNY curve?

    Improved liquidity conditions have offset the weak yuan to support the short-end of the CNY curve while currency-related export optimism supports paying in the longer tenors. Sources expect further steepening from current levels, writes Deirdre Yeung of Total Derivatives.

    • 25 Jul 2016

RMB derivatives news archive

Panda Bonds Top Arrangers

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 21.01
2 Agricultural Bank of China (ABC) 4,000 2 11.20
2 Everbright Securities 4,000 1 11.20
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 9.80
5 HSBC 3,000 2 8.40

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%