New FTZs could be salve for capital outflows blockade

Foreign investors looking for opportunities in China will now have seven new free trade zones to choose from, following a low-key launch on March 31. While the impact of the individual zones will take time to evaluate, some argue the new FTZs could address China’s capital outflow problems.

  • By Noah Sin
  • 10 Apr 2017

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 21.76
2 Agricultural Bank of China (ABC) 15.11
2 CITIC Securities 15.11
4 China CITIC Bank Corp 13.60
5 Industrial and Commercial Bank of China (ICBC) 10.58

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 26-Apr-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500
2 26-Apr-18 Trafigura Singapore 500
3 23-Apr-18 CAR Inc Hong Kong 730
4 11-Apr-18 China Jinmao Holdings China 3,000
5 11-Apr-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.22
2 HSBC 15.79
3 Bank of Taiwan 5.04
3 Cathay United Bank 5.04
5 Societe Generale Securities Services 4.37

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 04-May-18 Busan Bank South Korea 500
2 27-Apr-18 Central American Bank for Economic Integration (CABEI) Honduras 2,000
3 24-Apr-18 CAR Inc China 350
4 19-Apr-18 Shui On Development (Holdco for Shui On Land) China 600
5 10-Apr-18 Bank of China Taipei Branch (BOC Taipei) China 3,000