PBoC lowers rate for SMEs after trade hiccup

The People’s Bank of China (PBoC) will lower the reserve requirement ratio for small and medium sized firms, it said on Monday morning. The central bank announced the move amid worsening trade negotiations with the US.

  • By Rebecca Feng
  • 06 May 2019

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 22.38
2 China Merchants Securities Co 18.86
3 Industrial and Commercial Bank of China (ICBC) 15.71
4 Agricultural Bank of China (ABC) 11.43
5 China Securities 9.52

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 15-May-19 Republic of the Philippines Philippines 2,500
2 29-Apr-19 Semiconductor Manufacturing International Corp (SMIC) China 1,000
3 29-Apr-19 Semiconductor Manufacturing International Corp (SMIC) China 500
4 18-Apr-19 Mengniu Dairy China 1,000
5 13-Mar-19 GLP Hong Kong 3,300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 22.89
2 Credit Agricole 8.87
2 HSBC 8.87
4 DBS 6.72
5 China CITIC Bank Corp 5.85

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Apr-19 ICBC Singapore Branch China 1,000
2 10-Apr-19 Bank of China Macau Branch (BOC Macau) China 4,500
3 15-Mar-19 Bank of Communications Hong Kong Branch (BOCOM HK) China 2,500
4 13-Mar-19 Daimler International Finance Germany 1,000
5 05-Mar-19 Fantasia Holdings Group Co China 1,000