Business body snubs China’s ‘big bang’

In a damning assessment, a European business lobby says China’s foreign ownership reform in the financial sector has done little to help foreign firms compete in the onshore market, and calls on Beijing to grant international institutions more freedom to engage in cross-border services.

  • By Noah Sin
  • 11 Jul 2018

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 14.44
2 Industrial and Commercial Bank of China (ICBC) 11.65
3 Bank of China (BOC) 10.33
4 CITIC Securities 8.41
5 Agricultural Bank of China (ABC) 7.17

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 17-Jan-19 Everbright Water China 700
2 10-Jan-19 Beijing Enterprises Water Group China 2,000
3 18-Dec-18 Bank of China Group Investment China 2,000
4 17-Dec-18 Hungary Hungary 2,000
5 06-Dec-18 China Gas Holdings China 1,300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 30.97
2 HSBC 18.82
3 Societe Generale 3.85
4 Bank of China (BOC) 3.68
5 Bank of Taiwan 3.30

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 22-Jan-19 QNB Finance Qatar 500
2 03-Dec-18 Huzhou Communications Investment Group China 500
3 22-Nov-18 Bank of China Tokyo Branch (BOC Tokyo) China 800
4 15-Nov-18 RusHydro Russian Federation 1,500
5 13-Nov-18 Bank of China (Hong Kong) (BOCHK) China 1,000