• MSCI China decision key for US investor interest, says Deutsche AM

    China has made progress in liberalising its capital account this year, but the moves have yet to win over US-based investors, Luke Oliver, head of exchange-traded funds (ETF) capital markets at Deutsche Asset Management (DAM) told GlobalRMB.

    • 26 Oct 2016
  • Q&A: The Working Group on US RMB Trading and Clearing

    The US took a step forward as a renminbi hub in September, when Bank of China New York branch was appointed as the local clearing bank. GlobalRMB met with a representative of the Working Group on US RMB Trading and Clearing to discuss new and future developments.

    • 18 Oct 2016
  • RMB round-up: Shanghai FTZ introduces e-warrants, Macau’s RMBi push, new RQFII quotas

    In this round-up, the Shanghai Free Trade Zone introduces electronic warrants to facilitate cross-border payments for commodity companies, Macau gets high level backing for its renminbi ambitions and new RQFII quotas for Thailand and Luxembourg. Plus, a recap of our coverage this week.

    • 14 Oct 2016
  • Off-cycle decision not on the cards for A-share inclusion

    The combination of newly announced MSCI China equity indices and a relaxation of renminbi qualified institutional investors (RQFII) rules last week has reignited discussions about A-shares inclusion in the MSCI Emerging Market index. While the moves are considered important, they do not warrant an off-cycle decision, say market participants.

    • 05 Oct 2016
  • Credit reforms needed as Panda bonds celebrate birthday

    The Chinese Panda bond market is enjoying plenty of attention, having just passed the one year anniversary of its comeback in September 2015. However, while market participants expect the exuberance to continue, they have called for credit reforms to diversify the investor base.

    • 04 Oct 2016

GlobalRMB Panda Bonds league table

Rank Arranger Total Volume Rmb (m) No. of Deals Share % by Volume
1 Bank of China (BOC) 7,500 5 22.26
2 Agricultural Bank of China (ABC) 4,000 2 11.87
2 Everbright Securities 4,000 1 11.87
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 10.39
5 HSBC 3,000 2 8.90

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 12-Oct-16 The Wharf (Holdings) Hong Kong 4,000
2 10-Oct-16 KWG Property Holding Cayman Islands 8,000
3 29-Sep-16 Agile Property Holdings Cayman Islands 3,000
4 23-Sep-16 Yuzhou Properties Cayman Islands 3,000
5 20-Sep-16 Shimao Property Holdings Cayman Islands 5,200

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Total Volume Rmb (m) No. of Deals Share % by Volume
1 Credit Agricole 2,809 3 14.41
2 Bank of China (BOC) 2,631 3 13.50
3 HSBC 2,100 3 10.77
4 Standard Chartered Bank 1,700 2 8.72
5 DBS 983 3 5.05

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 25-Oct-16 ICBC Tokyo branch China 500
2 20-Oct-16 ICBC Sydney Branch China 1,200
3 08-Sep-16 Haikou Meilan International Airport Investment Ltd China 525
4 08-Sep-16 ICBC Singapore Branch China 1,600
5 02-Sep-16 Central American Bank for Economic Integration (CABEI) Honduras 1,000