Latest regulation/policy news

  • RMB round-up: IFFO appoints B&R partners, RMB vol drives futures, new RQFII quotas

    In this round-up, the Infrastructure Financing Facilitation Office appoints the first group of partner entities, RMB depreciation boosts trading activity in FX markets, and the RMB qualified foreign institutional investor scheme adds two participants in October. Plus, a recap of our top stories this week.

    • 10:15 AM
  • HKMA boosts CNH liquidity in time of need

    The Hong Kong Monetary Authority (HKMA) expanded the group of key offshore RMB (CNH) liquidity providers and revised arrangements for its CNH facility on October 27. The move comes at a time of greater downward pressure on the RMB, increasing the possibility of more interventions by China’s central bank.

    • 27 Oct 2016
  • 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
  • RMB round-up: Clearstream launches China bond link, US banks vie for clearing role, CCB Tokyo enters China FX market

    In this round-up, The BRICS bank announces its lending target for the next year, two US banks compete for RMB clearing role in New York, and China Construction Bank Tokyo gets admitted to the onshore foreign exchange market. Plus, a recap of our coverage this week.

    • 21 Oct 2016
  • Moscow preps Bond Connect launch

    Plans abound to connect China’s bond market with offshore counterparts but they have had little success until recently. Now Russia’s National Settlement Depository (NSD) is close to launching a link in the first half of 2017, Eddie Astanin, chairman of the executive board, told GlobalRMB.

    • 19 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
  • Capital controls continue to impede China's FTZ progress

    It has been three years since China launched the landmark Shanghai Free Trade Zone with the area originally envisioned as the blueprint for further reforms throughout the country. While market participants are disappointed by the authorities’ continued grip on capital controls, they are happy with the overall direction of the FTZ scheme.

    • 11 Oct 2016
  • China ponders SDR substitution fund

    With the renminbi now officially part of the special drawing rights basket, China is set to push on with its goal of making the SDR a real-world investment and reserve asset. But the obstacles to that plan are daunting.

    • 04 Oct 2016
  • MSCI lauds China A-share reforms

    The chances of an off-cycle decision for A-shares to be included in MSCI’s Emerging Markets Index has increased after the index provider launched 20 new China equity indices on September 29 and praised Beijing’s recent reform efforts.

    • 30 Sep 2016
  • RMB round-up: ECB swap line, Swiss Re ups RQFII quota, CLS to provide RMB netting

    In this round-up, the European Central Bank renews its RMB swap line, Swiss Re increases its RMB qualified foreign institutional investors (RQFII) quota, and CLS facilitates netting for RMB foreign exchange transactions. Plus, a recap of our coverage this week.

    • 30 Sep 2016

Regulation/policy news archive

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 21.01
2 Agricultural Bank of China (ABC) 4,000 2 11.20
2 Everbright Securities 4,000 1 11.20
4 Industrial and Commercial Bank of China (ICBC) 3,500 2 9.80
5 HSBC 3,000 2 8.40

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 26-Oct-16 China Gas Holdings China 2,000
2 12-Oct-16 The Wharf (Holdings) Hong Kong 4,000
3 10-Oct-16 KWG Property Holding Cayman Islands 8,000
4 29-Sep-16 Agile Property Holdings Cayman Islands 3,000
5 23-Sep-16 Yuzhou Properties Cayman Islands 3,000

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