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 18.90
2 CITIC Securities 14.44
3 Agricultural Bank of China (ABC) 13.13
3 Industrial and Commercial Bank of China (ICBC) 13.13
5 China CITIC Bank Corp 11.81

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 28-Jun-18 China Water Affairs Group China 200
2 26-Jun-18 Want Want China Holdings Taiwan 500
3 14-Jun-18 Bank of China Group Investment China 1,000
4 29-May-18 CITIC Pacific China 1,000
5 24-May-18 Beijing Enterprises Water Group China 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.47
2 HSBC 19.33
3 Societe Generale 4.75
4 Bank of Taiwan 4.07
4 Cathay United Bank 4.07

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 21-Jun-18 Shimao Property Holdings China 1,200
2 19-Jun-18 Korea Development Bank (KDB) South Korea 1,750
3 07-Jun-18 Export-Import Bank of Korea (Kexim) South Korea 1,500
4 23-May-18 QNB Finance Qatar 600
5 16-May-18 First Abu Dhabi Bank PJSC United Arab Emirates 1,100