Latest RMB regulation and policy news
China policy round-up: Vice premier promises easier foreign investment access, Canadian judge yet to rule on extradition of Huawei’s Meng
In this round-up, Chinese vice premier Han Zheng said China will further remove barriers of entry for foreign investment and lower its tariffs and Huawei’s chief financial officer Meng Wanzhou is still waiting for a ruling on her extradition to the United States.
The week in review: Xi signs BRI deals during Myanmar visit, PBoC keeps LPR rates unchanged, overseas holdings of bonds, stocks in China grow
In this round-up, China and Myanmar have signed deals on Belt and Road projects, the central bank has kept the benchmark lending rates unchanged, and overseas investors increased their holdings of Chinese bonds and stocks by $128bn in 2019.
China policy round-up: Top anti-corruption regulator focuses on local government debt, Shanghai welcomes more tech firms and MNCs, Guangdong to launch futures exchange
In this round-up, Chinese premier Li Keqiang encourages local government bond issuance, the Central Commission for Discipline Inspection plans to investigate corruption around local government debt, and Shanghai is working to grow the Star board and attract more foreign investment into the city.
In the phase one trade deal signed on Wednesday between the US and China, the majority of the agreements focusing on the financial sector are simply reiterations and elaborations of what the Mainland government has already said. But there are now some concrete deadlines in place to open up the domestic market further to foreign firms.
The majority of the banks in China, as well as foreign banks, can now trade bonds listed on the Shanghai and Shenzhen stock exchanges, according to new guidelines published on Wednesday. But the appeal of this option remains questionable.
The State Administration of Foreign Exchange (Safe) will allow foreign investors to participate directly in the interbank FX derivatives market so they can hedge their foreign exchange risks from investing in onshore renminbi bonds, according to a Monday notice.
China policy round-up: phase one trade deal coming, Safe deputy chief heads to Guangdong, State Council urges more support for SMEs
In this round-up, Chinese vice premier Liu He will visit Washington DC next Monday until Wednesday, the State Administration of Foreign Exchange sends its deputy administrator to Guangdong and the Financial Stability and Development Committee reaffirmed the importance of small and medium-sized enterprises.
The China Banking and Insurance Regulatory Commission (CBIRC) published draft rules for the country’s leasing industry on Wednesday. The tighter supervision is likely to have limited impact on large leasing companies, but could drive out the smaller ones.
China policy round-up: Xi goes to Macau, securities law to get fourth reading, PBoC offers monetary easing signal
In this round-up, Chinese president Xi Jinping headed to Macau for the 20th anniversary of the handover, the National People’s Congress will hold a fourth reading of the Securities Law next week and the People’s Bank of China (PBoC) has lowered the 14-day reverse repo rate.
China policy round-up: Trump said to sign trade deal, China wraps up annual economic planning meeting, Macau to become contingency plan for Hong Kong
In this round-up, US president Donald Trump reportedly signed the phase one trade deal on Thursday, China concluded the Central Economic Work Conference and the Mainland government is set to turn Macau into a financial hub with new policies.
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Latest news by market and league table performance
Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|1||Bank of China (BOC)||18.86|
|2||Industrial and Commercial Bank of China (ICBC)||14.39|
|3||China Merchants Bank Co||14.21|
|4||China Merchants Securities Co||8.85|
|5||Agricultural Bank of China (ABC)||5.90|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $bn||No of issues||Share %|
|1||China International Capital Corp Ltd||3.43||16||14.07%|
|2||China Securities Co Ltd||3.30||5||13.56%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $bn||No of issues||Share %|
Asian polls & awards
In the final part of GlobalCapital China’s awards announcement, we discuss the key innovation of 2019, and reveal the individual that has made the greatest contribution to reforming and internationalising the Chinese onshore market.
In the second part of GlobalCapital China’s awards announcement, we reveal the winning banks across Panda bonds, G3 bonds and ABS, as well as the best bank for securities services and the most impressive law firm.
In the fourth and final instalment of GlobalCapital Asia’s capital markets awards announcements, find out which firms have been named the Best Asian Investment Bank and the Best Investment Bank in the region for 2019.
GlobalCapital China, previously GlobalRMB, is pleased to announce the winners of its annual capital markets awards, honouring the banks, companies and individuals that have made the biggest contribution to bridging the gap between China’s markets and the rest of the world. In part one of the awards, we reveal the most impressive issuers in the FIG, corporate and SSA categories.
In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across a variety of categories. In addition, we also name the Best G3 Bond House, Best High Yield Bond House and the winner of the Best House for SRI Financing.