China in the Year of the Dog: A pot of oil at the end of the rainbow

In the fourth and final part of a series of articles on China’s financial transformation, GlobalRMB looks at the commodity trading markets. From the launch of a new energy exchange to the increasing domestic trading of crude oil, gold and iron contracts, the wheels are already in motion for major change.

  • By Paolo Danese
  • 14 Mar 2018

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 20.05
2 China CITIC Bank Corp 17.18
2 Agricultural Bank of China (ABC) 17.18
2 CITIC Securities 17.18
5 China Merchants Securities Co 9.74

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 20-Mar-18 Republic of the Philippines Philippines 1,460
2 08-Mar-18 China Resources Land China 6,000
3 06-Mar-18 Air Liquide Finance France 2,200
4 09-Feb-18 Sino-Ocean Group Holdings Hong Kong 3,000
5 06-Feb-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 40.71
2 HSBC 14.48
3 DBS 5.36
3 Bank of China (BOC) 5.36
3 KGI Asia 5.36

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Mar-18 First Abu Dhabi Bank PJSC United Arab Emirates 900
2 14-Mar-18 Greenland Holding Group China 1,500
3 08-Mar-18 Shinhan Bank South Korea 950
4 05-Mar-18 Country Garden Holdings China 950
5 02-Mar-18 Arab Petroleum Investments Corporation (Apicorp) Saudi Arabia 630