Latest RMB investment news

  • MSCI: Between BlackRock and a hard place

    With the world’s largest asset manager saying it backs the inclusion of A-shares in MSCI indices, the result now looks inevitable. However, the result is likely to be high on symbolism and little else and highlights the challenge for firms as they balance the demand for China exposure with the need to keep their integrity intact.

    • 07:15 AM
  • Banks beef up Connect multi-broker platforms amid growing demand

    Stock Connect investors are demanding a multi-broker delivery versus payment (DVP) solution to limit counterparty risk issues that have thrown up by the different settlement cycles, Cindy Chen, country head of securities services at Citi, told GlobalRMB. Brokers are lining up to the join platforms despite the competitive challenges.

    • 19 Apr 2017
  • Foreign investors need more than a stable RMB, says BlackRock

    A stable renminbi will make Chinese bonds and equities more attractive, but China will need to enhance the sophistication of its market before it can attract foreign capital on scale, according to Helen Zhu, head of China equities at BlackRock.

    • 12 Apr 2017
  • More questions than answers on Bond Connect, says DTCC

    Mainland authorities have promised that the China-Hong Kong Bond Connect will launch this year. But several questions remain on how the scheme will handle price discovery and clearing, according to post-trade services provider DTCC, which is working with CFETS on its own onshore-offshore link.

    • 10 Apr 2017
  • SDR status fails to boost RMB reserve holdings

    New data from the IMF shows RMB-denominated reserves remain a drop in the ocean for global central banks.. But while experts expect the share to rise, it might not happen in the short run.

    • 05 Apr 2017
  • Odds on for MSCI A-shares inclusion, say experts

    MSCI’s new consultation paper has increased the probability of A-shares’ entering the benchmark emerging markets (EM) index in 2017. However, the inclusion’s impact is likely to be long-term rather than immediate.

    • 30 Mar 2017
  • Banks lay out Bond Connect expectations

    Premier Li Keqiang's blessing for a China-Hong Kong Bond Connect scheme is a boost for the accessibility of Chinese bonds. But market participants are looking for clarity on issues across FX, settlement and registration requirements to determine its likely impact and appeal.

    • 28 Mar 2017
  • MSCI slashes weighting in fresh A-share inclusion attempt

    In its latest consultation on A-shares, MSCI has overhauled its plans with a proposal that would see Mainland stocks make up just 0.5% of its Emerging Market index. While the new scheme increases the chance of A-share inclusion, it could be too little and too late for investors.

    • 24 Mar 2017
  • Streamline China market access to bring inflows, says Asifma

    Chinese regulators should simplify market access to attract capital inflows, Asia Securities Industry & Financial Markets Association (Asifma) has said. In a report published on Wednesday, the industry body argued that the current arrangement is too complex, unfair to long-term foreign investors and discourages prospective investors.

    • 22 Mar 2017
  • RMB round-up: Stronger post-Fed renminbi fix, China to add seven FTZs, Won-RMB swap line threatened

    This week, the PBoC follows the US Federal Reserve’s rate hike by strengthening the dollar, Korea worries THAAD will imperil renminbi swap line, and China reveals plans to create seven new Free Trade Zones (FTZs).

    • 17 Mar 2017

RMB investment news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 18.01
2 Everbright Securities 16.95
3 Agricultural Bank of China (ABC) 10.59
4 HSBC 6.99
5 Industrial and Commercial Bank of China (ICBC) 6.36

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 23-Mar-17 Sino-Ocean Group Holdings Hong Kong 4,000
2 16-Mar-17 Rusal Russian Federation 1,000
3 14-Mar-17 Daimler Germany 3,000
4 24-Nov-16 Powerlong Real Estate Holdings China 3,500
5 23-Nov-16 China Everbright Limited China 4,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Credit Agricole 12.89
2 Bank of China (BOC) 12.08
3 HSBC 9.64
4 Standard Chartered Bank 7.80
5 DBS 5.74

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
2 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
3 28-Nov-16 Loncin Holdings China 800
4 04-Nov-16 China Nuclear Engineering Group China 1,500
5 25-Oct-16 ICBC Tokyo branch China 500