China green lights bond, share sales for foreign firms

China is looking to broaden the financing options of foreign firms by allowing them to list onshore and sell corporate bonds, the State Council said.

  • By John Loh
  • 19 Jan 2017

The country’s cabinet said in a notice on Tuesday that it would support IPOs of foreign companies on its main, small and medium-sized and growth enterprise boards.

International firms may also issue corporate and convertible bonds, as well as tap non-financial corporate debt instruments.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 CITIC Securities 16,398.71 87 6.20%
2 UBS 14,468.05 89 5.47%
3 Morgan Stanley 12,696.27 63 4.80%
4 Goldman Sachs 11,964.67 61 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.39%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
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1 HSBC 35,355.30 248 7.98%
2 Citi 34,549.67 198 7.80%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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