Trade war diaries: As US charges on, China seeks new allies

After months of work to reach a trade deal, analysts say that the best one can hope for is a truce rather than an end to the confrontation. Meanwhile, China is tightening trade ties with potential allies as an antidote to a possible escalation.

  • By Rebecca Feng
  • 30 Nov 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 18-Dec-18 Bank of China Group Investment China 2,000
2 17-Dec-18 Hungary Hungary 2,000
3 06-Dec-18 China Gas Holdings China 1,300
4 27-Nov-18 Daimler Germany 4,000
5 26-Nov-18 Beijing Enterprises Clean Energy China 2,800

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 03-Dec-18 Huzhou Communications Investment Group China 500
2 22-Nov-18 Bank of China Tokyo Branch (BOC Tokyo) China 800
3 15-Nov-18 RusHydro Russian Federation 1,500
4 13-Nov-18 Bank of China (Hong Kong) (BOCHK) China 1,000
5 19-Sep-18 Agricultural Development Bank of China (ADBC) China 1,200