Latest RMB derivatives news

  • Total Derivatives: CNY front end drives bull steepening

    Domestic data in China is mostly in line with market expectations. However, mild losses in equities has prompted some receiving at the shorter end of the CNY NDIRS curve, driving a bull steepening move to the belly of the curve, writes Deirdre Yeung of Total Derivatives.

    • 14 Jun 2017
  • RMB round-up: USDCNH futures have strong day, HK RMB deposits up in April, China and Germany co-operate on trade and finance

    In this week’s round-up, the Hong Kong Exchange’s USDCNH futures record their second best trading volume on Wednesday, renminbi deposits in Hong Kong increase by 4.1% in April, and China and Germany agree to co-operate on trade and finance.

    • 02 Jun 2017
  • Banks complete first IRS with new repo rates

    Bank of China and Standard Chartered (China) completed the first interest rate swaps under China’s new repurchasing fixing rate (FDR) on May 31. Experts say the recently introduced rates will better reflect liquidity in the market and work in the favour of foreign banks.

    • 02 Jun 2017
  • StanChart closes its first USDCNY forward trade in SG

    Standard Chartered has become the first non-Chinese bank in Singapore to close a dollar-renminbi FX forward trade via the onshore China Foreign Exchange Trade System (CFETS), the firm said in a statement on Thursday.

    • 26 May 2017
  • MOEX and SSE announce partnership

    The Moscow Exchange (Moex) and Shanghai Stock Exchange (SSE) have agreed to an expanded “strategic cooperation” agreement, and intend to develop debt and equity products for investors.

    • 25 May 2017
  • Total Derivatives: CNY bid follows ratings downgrade

    Moody's downgraded China's credit rating on Wednesday morning. Short swaps were well bid and the curve flattened as an initial response. However, sources expect risk sentiment to weather the storm and the recent curve steepening trend to extend, writes Deirdre Yeung of Total Derivatives.

    • 24 May 2017
  • MOEX offers Chinese investors real-time data

    On Tuesday, the Moscow Exchange (MOEX) began disseminating real-time data over China's four largest financial information vendors, Great Wisdom, Wind, East Money and Emoney.

    • 23 May 2017
  • Total Derivatives: Deleveraging to steepen CNY curve

    Mid-sector CNY swaps have been well offered today but Société Générale says deleveraging efforts will back more steepening across the 2s/5s NDIRS slope, writes Deirdre Yeung of Total Derivatives.

    • 17 May 2017
  • INE moves closer to trading oil futures

    The Shanghai International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange, has issued articles of association, general rules and contract specifications that take it closer to introducing crude oil futures.

    • 15 May 2017
  • Total Derivatives: Firm CPI backs early CNY paying

    In China today CPI and PPI reports gave mixed signals that backed some early paying in swaps. Meanwhile, consolidation in the currency market gave way to a corrective dip in short swap rates, writes Deirdre Yeung of Total Derivatives.

    • 10 May 2017

RMB derivatives 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