China

The Shanghai-Hong Kong Stock Connect has been a notable achievement in China’s plan to open up its capital markets, but it can be hard to keep up with the trading link’s new developments. Thankfully, GlobalCapital Asia’s infographic is here to give you a helping hand.

The People’s Bank of China (PBoC) on July 14 increased the access that foreign central banks, supranationals and sovereign wealth funds have to China’s interbank market, in a move that has been seen as a big step in the promotion of RMB internationalisation.

Paris-based financial institutions, together with the local renminbi clearing bank, Bank of China Paris branch (BoC Paris), have launched a local CNH indicative rate to help drive SME demand for the currency, GlobalRMB has learned. The pricing arrangement, which is not yet a real benchmark, is aiming to create a more liquid CNH market in the Paris financial hub.

No sooner had the first tentative signs appeared of an agreement over Greece's debt crisis than the Asia ex-Japan primary debt capital markets finally woke up to some action from a trio of deals.

French financial institutions and corporates have been quick to jump at the funding opportunity offered by the offshore RMB bond market. Despite the line-up of success stories, however, French asset managers feel the market has some way to go before it comes of age.

China’s domestic stock market has been gripped by chaos in recent weeks, and as investors duck for cover, it would be easy for bankers to fall back on cornerstone support to get deals done. But they would be missing a crucial opportunity for Asia ECM to grow up.

Banque de France (BdF) is working with the financial sector to ready the market for the China International Payment System (CIPS) launch later this year, and has told GlobalRMB that the progress of the RMB means that inclusion in the IMF's SDR basket is simply a matter of "when and how".

The worst crash in China’s domestic stock market since the late 1990s has dominated headlines for weeks but its potential impact may have been exaggerated, with the sell-off mostly felt by very highly-leveraged investors, said analysts. The economy will also be largely unscathed, they say.

Hong Kong Treasury Markets Association (TMA) launched on Monday a set of RMB bond indicative quotes aiming at increasing the price transparency for RMB-denominated institutional bonds issued in Hong Kong by the Ministry of Finance (MoF) of China.

Xinjiang Goldwind Science & Technology has hired three banks to arrange investor meetings ahead of what will be the first green bond by a Chinese issuer.

The use of collateral management and repo to facilitate renminbi liquidity between different markets is set to increase as global interest rates rise and currency swaps become more expensive, according to Denis Noonan, vice president of product management at Clearstream Banking.

Euronext is working with the Shenzhen Stock Exchange to create indices to be used in multi-currency ETFs targeting Chinese and European investors looking to invest in each other's market, Euronext's head of listings has told GlobalRMB.