Latest RMB FX news

  • CNH surge continues as China squeezes offshore liquidity

    The offshore renminbi (CNH) reached its strongest point against the dollar since the start of the year on Thursday, despite China’s sovereign rating downgrade last week. Analysts say the sharp turn reflects Chinese regulators’ determination to keep the currency from falling ahead of renewed pressure from external factors.

    • 01 Jun 2017
  • Banks slam PBoC fix adjustment

    There was little understanding among market watchers to news that the Chinese central bank is planning to introduce a counter-cyclical component to the calculation of the daily fix of the onshore RMB (CNY). Analysts say the move contradicts earlier statements from the PBoC about giving markets more say in the exchange rate.

    • 31 May 2017
  • New RMB fix formula signals further reforms, says HSBC

    A new formula to determine the daily renminbi fix could be a prelude to more exchange rate policy reform from China, said HSBC.

    • 26 May 2017
  • US still deciding RMB's short-term fate, say experts

    The RMB has remained stable in the currency markets so far this year, but the rest of 2017 may turn out to be more rocky depending on policy developments in the US, according to financial industry experts.

    • 12 May 2017
  • Manipulation stance dropped as Trump softens tone

    The friendly meeting between US president Donald Trump and his Chinese counterpart Xi Jinping last week has ushered in warmer relations, with Trump stating on April 12 that the US Treasury will not label China a currency manipulator. Meanwhile, the two sides are working on a framework for greater market access to be delivered in just over three months.

    • 13 Apr 2017
  • Renminbi in focus for Trump-Xi meeting

    The first meeting between new US president Donald Trump and his Chinese counterpart Xi Jinping starting Thursday could prove fateful for the bilateral relationship and China's renminbi, with the outlook remaining cloudy on what the US president's next moves might be.

    • 05 Apr 2017
  • HKEX launches first currency options

    The Hong Kong Stock Exchange (HKEX) launched USDCNH options on March 20, the first currency options to trade on the exchange. Together with HKEX’s USDCNH futures contract, the new product will give investors an alternative in managing renminbi exposure.

    • 21 Mar 2017
  • Foreign institutional investors enter China FX hedging market

    A foreign institutional investor completed its first hedging transaction in the onshore FX derivatives market on March 13, following the liberalisation by the State Administration of Foreign Exchange introduced at end of February.

    • 14 Mar 2017
  • A case for the renminbi’s growing maturity

    Renminbi depreciation has been one of the market's most talked about issues with many predicting the trend to continue well into 2017. But ICBC Asia’s co-head of global markets Jimmy Jim told GlobalRMB that such fears are overblown and he believes the renminbi is maturing into a two-way fluctuating currency.

    • 09 Mar 2017
  • HKEX ends mixed year for RMB products

    The Hong Kong Exchange traversed a difficult financial year, marked on the one hand by sagging trading on the Stock Connect, and on the other a surge in RMB FX derivatives activity. For 2017, HKEX’s chief executive Charles Li said more RMB products are in store.

    • 01 Mar 2017

RMB fx news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 38.46
2 China Merchants Bank Co 22.73
3 China CITIC Bank Corp 19.23
4 Industrial and Commercial Bank of China (ICBC) 8.74
4 Bank of China (BOC) 8.74

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 12-Jun-17 China Traditional Chinese Medicine Holdings China 2,000
2 22-May-17 CITIC Bank International China 3,000
3 19-May-17 China Power New Energy Development Co China 800
4 17-May-17 Daimler Germany 4,000
5 25-Apr-17 CAR Inc Hong Kong 300

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