China markets round-up: Oil futures gain traction, FTSE Russell close to A-shares index decision, SGX CNH futures volumes reach new high

In this markets round-up, international crude oil futures gain traction with global investors, index provider FTSE Russell will announce its decision on A-shares soon, and the Singapore Exchange (SGX) saw surging volumes of CNH futures contracts in August.

  • By Paolo Danese
  • 14 Sep 2018
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China's international oil futures has completed its first cycle with the physical delivery of 601,000 barrels from contracts signed at the open of the market in March this year, according to a state media report on September 11. The International Energy Exchange in Shanghai now has some 30,000 accounts open, with 15% of the client base made up of financial institutions such as securities firms, funds and trust companies. A similar percentage of open interest for the contract involved foreign investors, the report noted.


Trading of USDCNH futures hit 645,235 on the SGX in August, up 5% on a monthly basis and up 256% year-on-year., the exchange said in a monthly report. SGX also noted the popular FTSE China A50 index futures trading volume was 8.55m contracts in August, up 17% on the previous month and 41% year-on-year.


Index provider FTSE Russell is set to decide on the inclusion and weighting factor of A-shares in its products in the next two weeks, Mark Makepeace, the firm's chief executive, told media in a September 14 interview. He added that the weighting, in case of a green light, was likely to be higher than MSCI's initial weighting of 0.8% A-shares in its benchmark.

  • By Paolo Danese
  • 14 Sep 2018

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