Top Story

  • Chinese T-bond futures ready for comeback, says Li

    Hong Kong Exchanges and Clearing (HKEX) is planning to formally re-launch a futures contract for Chinese treasury bonds (T-bond), after piloting the product last year, Charles Li, chief executive of the bourse, told the HKEX’s RMB Fixed Income and Currency Conference on Tuesday.

    • 12 Jun 2018

In Focus

MSCI, CDRs usher in new era for Chinese equities

The inclusion of A shares in the MSCI emerging market index this month and the upcoming launch of onshore depositary receipts signal the start of a much-needed evolution in Chinese equities. While the market remains dominated by retail investors and tarnished by central government meddling, things may be about to change. And the more global investors zoom in on this market, the faster they will be able to lobby for the right changes to take place.

  • MSCI lines up 234 Chinese A-shares for EM index

    MSCI has confirmed the 234 A-shares it is including in its benchmark Emerging Markets (EM) Index from June 1. Instead of grabbing all the A-shares they can get on the first day of inclusion, international investors are likely to take a tempered approach and build their exposure incrementally, analysts said.

    • 15 May 2018
  • China gives go-ahead for CDR trials

    China’s market watchdog said companies can submit applications to list China Depositary Receipts from Thursday, declaring the start of trials for the scheme.

    • 07 Jun 2018

China DCM News

more China DCM

Comment

  • Two approaches to bond regulation, both problematic

    Companies in both China and India have to find their way through regulatory labyrinths to gain approval to sell offshore bonds. But although both countries have overbearing, occasionally irrational, regulators, they differ in one key respect.

    • 14 Jun 2018
  • Too many cooks spoil the (China reform) broth

    China has had a busy fortnight in capital reform, with its long-awaited entry into MSCI, and progress in plans for Chinese firms to list in London and Frankfurt. Yet it is becoming clear that regulators should focus on Hong Kong links, rather than opening up new markets.

    • 06 Jun 2018
  • Strategic investors: the right approach for Foxconn

    Foxconn Industrial Internet’s move to place its chunky A-share IPO in China with a group of strategic investors — closely resembling Hong Kong’s cornerstones — needs to be lauded, not criticised.

    • 29 May 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 19.41
2 CITIC Securities 14.83
3 Agricultural Bank of China (ABC) 13.48
3 Industrial and Commercial Bank of China (ICBC) 13.48
5 China CITIC Bank Corp 12.13

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 29-May-18 CITIC Pacific China 1,000
2 24-May-18 Beijing Enterprises Water Group China 3,000
3 24-May-18 Trafigura Singapore 500
4 09-May-18 Daimler Germany 5,000
5 26-Apr-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 37.43
2 HSBC 14.26
3 Societe Generale 5.31
4 Bank of Taiwan 4.55
4 Cathay United Bank 4.55

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 07-Jun-18 Export-Import Bank of Korea (Kexim) South Korea 1,500
2 23-May-18 QNB Finance Qatar 600
3 16-May-18 First Abu Dhabi Bank PJSC United Arab Emirates 1,100
4 04-May-18 Busan Bank South Korea 500
5 27-Apr-18 Central American Bank for Economic Integration (CABEI) Honduras 2,000