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.

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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.

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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 Bank of China (BOC) 21.85
2 China Merchants Securities Co 14.67
3 Industrial and Commercial Bank of China (ICBC) 14.44
4 Agricultural Bank of China (ABC) 8.89
5 China Securities 7.41

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 10-Jul-19 BMW Finance N.V. Germany 3,500
2 20-Jun-19 Maybank Malaysia 2,000
3 30-May-19 Portugal Portugal 2,000
4 17-May-19 Trafigura The Netherlands 540
5 16-May-19 CITIC Pacific China 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 32.50
2 Credit Agricole 6.34
2 HSBC 6.34
4 Bank of China (Hong Kong) (BOCHK) 6.22
4 Bank of Communications Hong Kong Branch (BOCOM HK) 6.22

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Jul-19 CIFI Holdings China 1,600
2 22-May-19 Agricultural Development Bank of China (ADBC) China 3,000
3 16-Apr-19 ICBC Singapore Branch China 1,000
4 10-Apr-19 Bank of China Macau Branch (BOC Macau) China 4,500
5 15-Mar-19 Bank of Communications Hong Kong Branch (BOCOM HK) China 2,500