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 China Merchants Securities Co 19.83
2 Industrial and Commercial Bank of China (ICBC) 14.01
3 CITIC Securities 11.86
4 Agricultural Bank of China (ABC) 10.78
5 China CITIC Bank Corp 9.70

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 20-Aug-18 ABC International (parent: Agricultural Bank of China) China 3,000
2 16-Aug-18 Daimler Germany 4,000
3 15-Aug-18 Everbright Water China 800
4 08-Aug-18 Veolia Environnement SA France 1,000
5 19-Jul-18 Beijing Enterprises Water Group China 3,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.31
2 HSBC 20.53
3 Societe Generale 4.21
4 Bank of Taiwan 3.60
4 Cathay United Bank 3.60

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 19-Sep-18 Agricultural Development Bank of China (ADBC) China 1,200
2 17-Sep-18 Hitachi Capital (UK) United Kingdom 600
3 13-Sep-18 CIFI Holdings China 1,000
4 05-Sep-18 Daimler Germany 1,000
5 03-Sep-18 First Abu Dhabi Bank PJSC United Arab Emirates 650