Latest China DCM news

  • Deutsche settles in Chinese, Russian hiring case

    The Securities and Exchange Commission has accused Deutsche Bank of hiring relatives of executives of state-owned enterprises (SOEs) in the Asia Pacific and Russia, in order to win business from those entities.

    • 23 Aug 2019
  • Mengniu Dairy sells super-short term red Panda

    Mengniu Dairy, a Hong Kong-listed Inner Mongolia-based dairy and ice cream manufacturer, churned out its second Rmb1bn ($141m) super-short term commercial paper on Thursday.

    • 23 Aug 2019
  • Developer Yanlord raises $400m in quiet market

    Yanlord Land Group offered a welcome bit of supply in Asia’s otherwise tepid bond market this week, breaking the silence to raise $400m from just its third dollar deal in eight years.

    • 22 Aug 2019
  • Kaisa bonds jump as China vows to put Shenzhen in elite 'forest'

    The price of real estate developer Kaisa Group Holdings' dollar bonds climbed after China announced a detailed plan over the weekend to develop the company's hometown, Shenzhen.

    • 20 Aug 2019
  • Fujian Zhanglong finds $500m to fill quota

    Fujian Zhanglong Group Co skirted the market volatility last week to seal a $500m deal on Friday, using up its regulatory offshore quota.

    • 19 Aug 2019
  • Chinese duo keep Asian primary bond market alive

    Local government-owned Shandong Guohui Investment Co made a quick comeback to the dollar bond market to raise $300m on Thursday, when its Chinese peer Qingdao Jimo District Urban Development Investment Co made its offshore debut.

    • 16 Aug 2019
  • Supras push back on China oversight of Panda bonds

    A number of supranationals have delayed their plans to issue Panda bonds over a dispute about their accepting Chinese regulatory oversight, write Rebecca Feng and Burhan Khadbai.

    • 15 Aug 2019
  • Zhenro, Orient brave tumultuous market

    Zhenro Properties Group returned to the dollar bond market for the seventh time this year on Tuesday, tapping one of its March transactions for an additional $110m. But the market presented a whole different set of problems for the borrower this time round.

    • 14 Aug 2019
  • A real summer break will do Asian bond market good

    Volatility has hurt secondary spreads and primary deal flow in the Asian bond market but really it is no bad thing. A quiet month is just what the market needs after an overwhelming amount of supply so far this year.

    • 13 Aug 2019
  • Excellence fills coffers with club deal

    Excellence Commercial Properties Co made a quick outing to the dollar bond market on Friday, raising $150m in its second offshore debt sale of the year.

    • 12 Aug 2019

China DCM news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 21.07
2 Industrial and Commercial Bank of China (ICBC) 12.89
3 China Merchants Securities Co 12.45
4 Agricultural Bank of China (ABC) 7.55
5 China Securities 6.29

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 22-Aug-19 Mengniu Dairy China 1,000
2 07-Aug-19 Daimler Germany 5,000
3 31-Jul-19 Cassa Depositi e Prestiti SpA Italy 1,000
4 24-Jul-19 Semiconductor Manufacturing International Corp (SMIC) China 2,000
5 10-Jul-19 BMW Finance N.V. Germany 3,500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 32.50
2 Credit Agricole 6.34
2 HSBC 6.34
4 Bank of China (Hong Kong) (BOCHK) 6.22
4 Bank of Communications Hong Kong Branch (BOCOM HK) 6.22

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Jul-19 CIFI Holdings China 1,600
2 22-May-19 Agricultural Development Bank of China (ADBC) China 3,000
3 16-Apr-19 ICBC Singapore Branch China 1,000
4 10-Apr-19 Bank of China Macau Branch (BOC Macau) China 4,500
5 15-Mar-19 Bank of Communications Hong Kong Branch (BOCOM HK) China 2,500