Trade war trajectory should spur Chinese firms into action

Financial markets have grown increasingly uncertain since the US government threatened earlier this month to impose a fourth round of tariffs on China. Chinese companies are beginning to lose sway with their investors: they need to get on with their fundraising plans before the trade war heats up any further.

  • By Pan Yue
  • 21 May 2019
Some firms are already taking action.China Lesso Group Holdings, for one, is preparing an early refinancing. The manufacturer of home building materials is inviting banks to join an $800m loan, which will be used to refinance two borrowings that mature next February and the following September, ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 23.98
2 China Merchants Securities Co 16.10
3 Industrial and Commercial Bank of China (ICBC) 13.41
4 Agricultural Bank of China (ABC) 9.76
5 China Securities 8.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 8,322.47 36 8.67%
2 Goldman Sachs 7,626.77 29 7.94%
3 China International Capital Corp Ltd 5,848.43 34 6.09%
4 Morgan Stanley 5,453.18 37 5.68%
5 UBS 5,300.06 38 5.52%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 16,535.56 146 8.19%
2 Citi 11,568.29 94 5.73%
3 JPMorgan 11,150.73 75 5.52%
4 Standard Chartered Bank 7,774.81 79 3.85%
5 Bank of America Merrill Lynch 7,143.11 58 3.54%

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