China is reinvigorating its equity capital markets. After restarting IPOs in early 2014, it has since taken things up a notch by launching the landmark Shanghai-Hong Kong Stock Connect. And in August 2016, it went even further with a link between Shenzhen and Hong Kong announced. There is sure to be more to come.

Top Stories

  • The future of MMA beyond Stock Connect

    The upcoming launch of the Shenzhen-Hong Kong Stock Connect will give offshore investors access to close to 90% of China’s domestic stock market. Now the focus for the mutual market access (MMA) scheme will turn to new products including ETFs and bonds.

    • 18 Aug 2016
  • Shenzhen Connect: weighing up the changes

    The approval of the Shenzhen-Hong Kong Stock Connect came with a number of changes to the overall structure of the cross-border investment scheme. Markets are now debating the appeal and challenges of the new set-up.

    • 17 Aug 2016
  • The lowdown: Shenzhen-Hong Kong Stock Connect

    Chinese and Hong Kong authorities have finally agreed on a December 5 launch date for the Shenzhen-Hong Kong Stock Connect — just over two years after the launch of the Shanghai Connect. Here is GlobalRMB’s lowdown on what you need to know about the upcoming initiative.

    • 28 Nov 2016
  • Landmark Shenzhen Connect heralds end of aggregate trading quotas

    The Shenzhen-Hong Kong Stock Connect Scheme was officially given the go ahead by China’s State Council on Tuesday, with the Hong Kong Securities and Futures Commission (SFC) making the breakthrough announcement that the entire Stock Connect scheme will now operate without aggregate trading quotas. Exchange traded funds (ETFs) and derivatives are due to come in future expansions.

    • 16 Aug 2016

Shanghai-Hong Kong Stock Connect

  • Frankfurt-Shanghai Connect in the works, says CEINEX

    The China Europe International Exchange (Ceinex) is working with stakeholders on a cross-continental Stock Connect initiative, in a competing bid to plans by the London Stock Exchange, Ceinex's CEO told GlobalRMB.

    • 14 Jun 2016
  • Shanghai exchange answers MSCI stock suspension doubts

    The Shanghai Stock Exchange (SSE) published guidelines for future stock suspensions by mainland-listed companies, removing another roadblock to the inclusion of A-shares in the MSCI indices.

    • 27 May 2016
  • Dear China, stock market meddling will not help

    There are fresh signs that the China Securities Regulatory Commission is looking to crack down on backdoor listings by overseas-listed Chinese companies, with talk that it could move to block such deals. While clamping down on excessive speculation for reverse takeovers will do the market some good, the regulator should refrain from meddling.

    • 10 May 2016

A-share Reboot

  • Shenzhen Connect set for limited impact in primary

    The Shenzhen-Hong Kong Stock Connect could herald a new dawn in opening up China’s capital account, but its impact on primary markets may only be limited, equity capital market bankers said this week.

    • 17 Aug 2016
  • The lowdown: Shenzhen-Hong Kong Stock Connect

    Chinese and Hong Kong authorities have finally agreed on a December 5 launch date for the Shenzhen-Hong Kong Stock Connect — just over two years after the launch of the Shanghai Connect. Here is GlobalRMB’s lowdown on what you need to know about the upcoming initiative.

    • 28 Nov 2016
  • Everbright Securities shines through with $1bn IPO

    Everbright Securities has priced its Hong Kong IPO in the upper half of the marketing range, raising HK$8.62bn ($1.11bn).

    • 12 Aug 2016

Comment

Preference Shares

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 18.01
2 Industrial and Commercial Bank of China (ICBC) 15.02
3 CITIC Securities 10.77
4 Agricultural Bank of China (ABC) 9.79
5 China CITIC Bank Corp 8.81

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 15,658.50 72 7.63%
2 Morgan Stanley 13,921.33 63 6.78%
3 Citi 13,640.97 88 6.65%
4 UBS 10,835.65 68 5.28%
5 China International Capital Corp Ltd 10,501.97 40 5.12%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 21,228.68 180 7.62%
2 Citi 20,461.80 132 7.34%
3 JPMorgan 13,802.40 85 4.95%
4 Bank of America Merrill Lynch 12,328.25 77 4.42%
5 Goldman Sachs 11,208.75 54 4.02%

Asian polls & awards

  • GlobalRMB awards: Most impressive issuers, best law firm

    In this third part of the GlobalRMB awards, we present our reasons for choosing the best issuers in the FIG, corporate and SSA categories — and praise the strong performance of one well-known foreign law firm.

  • GlobalRMB awards: Person of the year, most impressive innovation

    In the final article on our GlobalRMB awards, we talk about the key innovation of the year and highlight the individual that has made the greatest contribution to the development of China’s cross-border capital markets.

  • GlobalRMB awards: Best bank for securities services

    Securities services was one of the most competitive award categories GlobalRMB had to decide this year. Our awards criteria demanded the near-impossible from participating banks: to beat the competition in the fast-changing China access scheme, while at the same time demonstrating a broad client base and the ability to be at the cutting edge of innovation.

  • GlobalRMB awards: Best for ABS, CNH, G3 and Panda bonds

    In GlobalRMB's Best Bank Awards for China DCM, Standard Chartered wins for ABS and CNH, HSBC takes home the G3 Bond House Award, and Bank of China gets kudos as the Best House for Panda bond issuers.

  • Now open! GlobalCapital Asia Capital Market Awards 2018

    GlobalCapital Asia is pleased to invite pitches for our annual capital markets and investment banking awards, rewarding the most impressive transactions and investment banks of 2018.