• US-China tensions key to market outlook: Aberdeen

    The rising trade war between China and the US will be a major factor determining the path of debt and equity markets next year, according to asset manager Aberdeen Standard Investments.

    13 Nov 2018
  • Sun Hung Kai plots debut Panda bond

    The Hong Kong real estate developer is coming to the Chinese onshore market for the first time. The deal is as much about the issuer getting familiar with the onshore bond market as it is about fundraising, GlobalRMB understands.

    13 Nov 2018

China DCM News

  • Zhongyuan Bank AT1 tumbles in secondary

    The first dollar additional tier one (AT1) deal from a Chinese city commercial bank in almost a year struggled to find its feet in the secondary market on Wednesday.

    • 10:15 AM
  • Industrial Bank double dips in euros, dollars for green

    Industrial Bank Co’s Hong Kong branch has priced a dual-currency green bond, offering a pick-up of around 10bp over recent prints from China’s big four lenders.

    • 09:45 AM
  • BOC sells landmark Greater Bay Area bond

    Bank of China was at the forefront of the Mainland’s policy-related transactions this week, selling a five tranche, four currency deal under a Greater Bay Area label.

    • 09:15 AM
  • Sun Hung Kai plots debut Panda bond

    The Hong Kong real estate developer is coming to the Chinese onshore market for the first time. The deal is as much about the issuer getting familiar with the onshore bond market as it is about fundraising, GlobalRMB understands.

    • 13 Nov 2018
  • Founder Securities HK juggles bookrunners in new deal

    The Hong Kong arm of China’s Founder Securities priced a small two year bond on Friday, in a deal that saw the syndicate group rejigged significantly since the mandate announcement in mid-October.

    • 12 Nov 2018

more China DCM

Comment

  • Not so grand: Evergrande’s bizarre bond return

    Evergrande’s $1.8bn bond at the end of October sent ripples through Asia’s bond market. It also set a dangerous precedent for a market that is already accused of letting standards slip.

    • 06 Nov 2018
  • China should use its second chance on CDRs

    A long-touted equity link between London and Shanghai is set for take-off by the end of the year, but the most unsurprising news to emerge is HSBC’s plan to use it for a Mainland listing. China now has an excellent chance to get its act together on Chinese Depositary Receipts.

    • 25 Oct 2018
  • China sovereign bond: a blessing in disguise?

    China may have returned to the dollar bond market at a difficult point last week, but the sovereign still has a way to go before its notes become a real benchmark for the country’s debt issuers.

    • 18 Oct 2018

Policy News

more policy news

People & Markets

more people and markets


Exclusive Data from GlobalRMB

RMB deals snapshotDatabase and customisable league tables of Panda Bonds
Database of Offshore RMB Bonds: search hundreds of deals
Regional deal volumes: compare annual dim sum issuance across the world
Offshore RMB deposits: track changes month-by-month
Cross-border trade settlement: volume graphs for Hong Kong and China
Clearing volumes for Hong Kong

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 China Merchants Securities Co 16.70
2 Industrial and Commercial Bank of China (ICBC) 14.38
3 CITIC Securities 10.44
4 Agricultural Bank of China (ABC) 9.08
5 China CITIC Bank Corp 8.17

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 24-Oct-18 China Gas Holdings China 2,000
2 15-Oct-18 China Power International Development China 2,000
3 11-Oct-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200
4 28-Sep-18 Trafigura Singapore 700
5 17-Sep-18 The Wharf (Holdings) Hong Kong 2,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 33.00
2 HSBC 20.05
3 Societe Generale 4.11
4 Bank of Taiwan 3.52
4 Cathay United Bank 3.52

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 13-Nov-18 Bank of China (Hong Kong) (BOCHK) China 1,000
2 19-Sep-18 Agricultural Development Bank of China (ADBC) China 1,200
3 17-Sep-18 Hitachi Capital (UK) United Kingdom 600
4 13-Sep-18 CIFI Holdings China 1,000
5 05-Sep-18 Daimler Germany 1,000