Latest RMB regulation and policy news
China policy round-up: PBoC and MoF in public spat, banks told to back weaker borrowers, CSRC gets a new director for international affairs
The research chief at the People’s Bank of China got into a rare war of words with the finance ministry, regulators push banks to lend to small businesses and buy lower-rated corporate bonds, and the securities watchdog appoints a new head for the international department.
China policy round-up: Beijing slams ‘unacceptable’ US threats, Shanghai pushes reforms, CBIRC welcomes foreign banks’ new branches
Ministry of Commerce (MofCom) criticises Trump’s proposal of additional tariffs, Shanghai government vows to open up the city further, and the banking regulator approves international banks setting up branches and subsidiaries in China.
China policy round-up: Trade war kicks off, China’s central bankers out to calm markets, goodies for Bond Connect, Panda issuers
Beijing hits back at Trump’s tariffs, the chiefs of the People’s Bank of China reassure investors that China is ready for market turbulence, and the central bank announces improvements to Bond Connect’s northbound trading and Panda bond issuance.
China policy round-up: PBoC says it is not loosening, foreign ownership cap to collapse by 2021, Liu He warns of trade war recession
The Chinese central bank’s monetary policy committee reiterates its neutral stance, top economic planner to abolish foreign ownership limits in the financial sector in three years, and the vice premier argues that protectionism could drag global growth into negative territory.
China policy round-up: QFII freed from repatriation cap, CSRC wants more A-shares in MSCI, PBoC’s Yi sings Shanghai’s praises
FX watchdog loosens its grip on capital outflows for foreign investors, securities regulator lobbies for A-shares to make up more than 0.73% of MSCI’s benchmark emerging market (EM) index, and the governor of China’s central bank hails Shanghai as the prime spot to pilot further liberalisation.
The week in renminbi: CBIRC scraps cap on foreign ownership in banks, Xiaomi files CDR prospectus, SSE and LuxSE promote Chinese green bonds
The banking and insurance regulator moves to level the playing field for international banks, Xiaomi publishes its prospectus for the inaugural China Depository Receipt (CDR) listing, Shanghai Stock Exchange (SSE) and Luxembourg Stock Exchange (LuxSE) launch an information sharing system for onshore green bonds.
China policy round-up: CBIRC celebrates crackdown on trusts, Safe wants balance between risk prevention and liberalisation, internet security on the agenda for financial regulators
The banking and insurance regulator publicises performance of controlling the trust sector’s fast growth, FX watchdog’s chief reiterates the need to forestall risk when opening up China’s capital account, and officials name internet security as a key plank in their policy programmes.
The week in renminbi: PBoC beefs up MLF collateral list, Regulators harden stance on money market funds, Banking watchdog mulls lending rules
Banks can start using debt issued by green and small businesses to borrow from the Chinese central bank, markets watchdogs tighten cash withdrawal rules on money market funds, and the banking and insurance regulator tackles excessive corporate borrowing with new guidelines.
China policy round-up: Yi wants competition in finance, first CDRs on the way, MofCom urges Trump to scrap tariff plans
The central bank chief says competition from international institutions is key to improving the Chinese financial sector, the securities watchdog says the first China Depository Receipts (CDRs) will launch soon, and the Ministry of Commerce tells the US to hold back from taxing $50bn of Chinese goods.
The gravity in the relationship between Hong Kong and China’s financial markets has unquestionably shifted north in the past two decades. But instead of fearing competition, Hong Kong should embrace this change and build on its leading role in offshore RMB business, senior financial regulatory officials told a forum at the Hong Kong Stock Exchange on Friday.
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Latest news by market and league table performance
Panda Bonds Top Arrangers
|Rank||Arranger||Share % by Volume|
|1||China Merchants Securities Co||20.87|
|2||Industrial and Commercial Bank of China (ICBC)||14.74|
|4||Agricultural Bank of China (ABC)||11.34|
|5||China CITIC Bank Corp||10.21|
Bookrunners of Asia-Pac (ex-Japan) ECM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||China International Capital Corp Ltd||8,032.87||28||5.36%|
|5||China Securities Co Ltd||7,436.55||29||4.96%|
Bookrunners of Asia Pacific (ex-Japan) G3 DCM
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|4||Bank of America Merrill Lynch||10,014.06||57||4.73%|
Asian polls & awards
After a year of burgeoning growth and change in green, social and sustainability bond issuance, with huge acceleration in green loans, GlobalCapital today invites you to vote in its third Awards poll for this market.
Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.
In the last instalment of our 2017 awards, we present the full write-ups of the winners of Best Asian Investment Bank and Best Investment Bank.
In the third instalment of our 2017 awards, we present the full write-ups of the winners of the Best Local Currency Bond, Best High Yield Bond, Best Financial Bond, Best SSA Bond, Best Investment Grade Bond, Best Project Finance Deal, Best Bond, Best G3 and Local Currency Bond House, and Best High Yield Bond House.
In the second instalment of our 2017 awards, we present the full write-ups of the winners for Best Follow-On/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.