• China’s emerging super-regulator: a bold, dangerous step

    China made a clear step towards creating a financial super-regulator last week, when it created a new oversight commission within the central bank. The mega-merger of China’s many competing regulators is a good idea – but it is also fraught with risks.

    • 19 Jul 2017
  • RMBi critics are using the wrong metrics

    China’s renminbi internationalisation (RMBi) strategy has seen a clear shift from pushing for the currency’s usage abroad to bringing investors into the onshore market. It is time to take a more nuanced view of renminbi internationalisation.

    • 12 Jul 2017
  • Bond Connect: Be careful what you wish for

    China’s move to open up its domestic bond market to more foreign investment is being rightly applauded. But investors should be wary of the risks in a market that still has serious problems with governance and disclosure.

    • 04 Jul 2017

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 25.23
2 China CITIC Bank Corp 18.35
3 China Merchants Bank Co 14.91
3 Bank of China (BOC) 14.91
5 Everbright Securities 11.47

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 21-Jul-17 Maybank Malaysia 1,000
2 10-Jul-17 China Jinmao Holdings China 2,500
3 07-Jul-17 China Everbright Holdings China 2,500
4 23-Jun-17 Bank of China Group Investment China 1,500
5 12-Jun-17 China Traditional Chinese Medicine Holdings China 2,000

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