• Shanghai Rmb3bn muni bond throws open FTZ market

    The Shanghai Municipal government priced the first free trade zone (FTZ) bond on Thursday, marking the launch of a third bond market in China.

    • 08 Dec 2016
  • Shanghai FTZ bonds to finally surface

    Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

    • 22 Nov 2016
  • CNEC’s dim sum ambition finally comes to fruition

    China Nuclear Engineering Group Co pushed out its debut dim sum deal last Friday to get ahead of the US election this week. Despite the volatility, the transaction garnered Rmb2.7bn ($399.3m) in orders, with the issuer bagging Rmb1.5bn.

    • 07 Nov 2016
  • CNEC fires up inaugural dim sum bond

    China Nuclear Engineering Group Co (CNEC) is taking another shot at getting its debut CNH bond off the ground, after pulling a dim sum offering back in December 2015.

    • 04 Nov 2016
  • Debut NBC Panda takes Belt and Road route

    National Bank of Canada became the first North American lender to sell a Panda bond on Wednesday, raising Rmb3.5bn ($517m) from a three year note. What stood out, however, was not the deal execution but how the lender managed to convince the regulators that the sale aligns with China’s Belt and Road initiative.

    • 03 Nov 2016
  • CNEC tries for third time lucky with dim sum outing

    State-owned China Nuclear Engineering Group Co (CNEC) has hired banks to test appetite for its inaugural CNH bond — the third time it is attempting to sell a dim sum deal.

    • 02 Nov 2016
  • DGCX preps first offshore RMB gold contract

    The Dubai Gold and Commodities Exchange (DGCX) has announced plans to launch a renminbi futures contract, with Gaurang Desai, CEO of the exchange, telling GlobalRMB the contract has already received regulatory approval.

    • 02 Nov 2016
  • First Canadian FIG Panda to launch on Wednesday

    China’s domestic fixed income market is set for another milestone with National Bank of Canada (NBC) poised to sell a Panda bond on Wednesday – becoming the first North American bank to do so.

    • 31 Oct 2016
  • China Resources Cement, Hengan Int ink debut Pandas

    A pair of red chip companies created their respective benchmarks in the Panda bond market this week, raising a combined Rmb5bn ($749m).

    • 08 Sep 2016
  • Limited supply fuels CCB's dim sum ride

    China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

    • 12 Aug 2016
  • BOC eyes landmark green bond

    Bank of China has hit the market for its multi-currency green bond, with an offshore renminbi portion in only the second time a green dim sum bond has been sold.

    • 05 Jul 2016
  • Three LGFVs build on market re-opening

    Two entities of China’s Chonqing municipality — the Nan’an district financing vehicle and the Chonqing Grain Group — have mandated banks for potential deals while Huai’an’s local government financing vehicle is also seeking a new bond.

    • 04 Jul 2016
  • China Resources Land seals Rmb5bn Panda bond

    China Resources Land successfully sold a Rmb5bn (759m) dual-tranche Panda bond this week, becoming the first real estate company to print this format in China’s interbank bond market.

    • 01 Jun 2016
  • ABC, ICBC combo drives US renminbi ambitions

    The US has finally engaged with the internationalisation of the renminbi after years of stubbornly ignoring the currency’s rise. Market participants have welcomed the Rmb617m ($94.15m) worth of instruments issued by the New York branches of Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC), but say the developments are long overdue. Rev Hui reports.

    • 26 May 2016
  • Panda silence broken by Chong Hing Bank

    The four month hiatus in Panda bond issuance in China’s interbank bond market has ended with Chong Hing Bank’s Rmb1.5bn ($229m) note.

    • 26 May 2016
  • CAR, CRLand, Daimler lead Panda bonanza

    The Chinese Panda bond market is starting to heat up with a slew of corporates in the midst of preparing their respective trades.

    • 23 Mar 2016
  • DBS starts marketing debut Panda, but approval pending

    The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

    • 17 Mar 2016
  • ABC International’s head of DCM joins China Huarong

    China Huarong Asset Management has hired Richard Zhang in the newly created role of investment director to lead and oversee investment, with a focus on expanding the asset manager's offshore allocation.

    • 25 Feb 2016

Panda Bonds Top Arrangers

Year To Date Same time last year
Rank Arranger Share % by Volume Rank Arranger Share % by Volume
1 Bank of China (BOC) 19.61 1 Bank of China (BOC) 16.33
2 Industrial and Commercial Bank of China (ICBC) 10.15 2 China Construction Bank (CCB) 12.35
3 Everbright Securities 8.11 3 Agricultural Bank of China (ABC) 10.96
4 China Merchants Bank Co 7.77 3 Industrial and Commercial Bank of China (ICBC) 10.96
5 CITIC Securities 5.65 5 China Merchants Bank Co 10.76

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 4.98 19 10.86%
2 Goldman Sachs 4.62 16 10.07%
3 CITIC Securities 4.07 15 8.87%
4 UBS 3.44 13 7.49%
5 China International Capital Corp Ltd 3.20 13 6.98%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 7.37 37 8.71%
2 HSBC 6.74 55 7.98%
3 JPMorgan 5.95 40 7.03%
4 BofA Securities 4.82 30 5.70%
5 Standard Chartered Bank 4.69 37 5.55%

Asian polls & awards

  • GlobalCapital China 2020 awards winners: Part III

    In the final part of GlobalCapital China’s awards announcements, we reveal the year’s key innovation – and the individual who has made the greatest contribution to reforming and internationalising the onshore market.

  • GlobalCapital China 2020 awards winners: Part II

    In the second part of GlobalCapital China’s awards announcements, we reveal the winning banks across Panda bonds and ABS, as well as the best bank for securities services.

  • GlobalCapital China announces 2020 awards winners: Part I

    GlobalCapital China is pleased to announce the winners of its annual awards, recognising the banks, issuers and individuals that have made the biggest contribution to developing China’s onshore markets. In part one, we reveal the most impressive issuers in the FIG, corporate and SSA categories.

  • GlobalCapital Asia awards 2020: Investment banks

    In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for its response to the Covid pandemic.

  • GlobalCapital Asia awards 2020: Bonds

    In part three of GlobalCapital Asia's awards results announcements, we reveal the winning bond deals across different categories, as well as the best debt houses and the best bank for SRI financing.