Latest RMB derivatives news

  • The week in renminbi: China sets date for oil futures launch, Philippines wins approval for Panda debut, offshore investors hold more Chinese bonds

    China unveils plans to kick start RMB-denominated oil futures next month, the Philippines gets regulatory greenlight for its Panda bond issuance, and foreign ownership of bonds in the interbank bond market rises again in January.

    • 12 Feb 2018
  • Watch out for the petro-renminbi, say banks

    A renminbi-denominated oil futures contract could launch in 2018, a move that may reshape the global commodities market, according to industry experts.

    • 13 Dec 2017
  • China CDS market opens to foreign banks

    The market for credit default swaps (CDS) in China is still in its very early stages, but the government is looking to promote their use and the first foreign bank has already got involved.

    • 19 Oct 2017
  • Total Derivatives: CNY curve steeper after PBoC tweaks

    Short-dated CNY swaps have been lightly offered and the 2s/5s NDIRS curve slope has steepened slightly. Meanwhile, the People’s Bank of China is considering expanding its reverse repo operations and its Macro Prudential Assessment reporting requirements have been tweaked, writes Deirdre Yeung of Total Derivatives.

    • 16 Aug 2017
  • HKEX gives up on T-bond futures as Bond Connect heats up

    The Hong Kong Exchange (HKEX) will suspend its offering of China ministry of finance treasury bond futures after the end of the year, while no official trading data was disclosed for the Bond Connect scheme in the bourse’s 2017 interim results report.

    • 09 Aug 2017
  • Total Derivatives: Scope for more curve flattening

    Renminbi non-deliverable interest rate swaps (NDIRS) have been well offered on easier liquidity conditions and a long-end outperformance has driven some curve flattening momentum on Wednesday. Despite this, sources see scope for the curve to flatten further. Offshore interest in CNY bonds is said to be growing, writes Deirdre Yeung of Total Derivatives.

    • 12 Jul 2017
  • This week in renminbi: July 10, 2017

    China’s State Administration of Foreign Exchange (Safe) says the country will not devalue the renminbi, Hong Kong’s renminbi deposits fall in May, and China welcomes Japan to participate in One Belt One Road (OBOR).

    • 10 Jul 2017
  • HKEX debuts renminbi gold futures

    Hong Kong Exchange (HKEX)’s chief executive Charles Li opened trading for the first RMB denominated gold futures contract on the exchange.

    • 10 Jul 2017
  • Total Derivatives: PBoC guidance awaited as swap curve remains steep

    There has been rising demand for short-dated non-deliverable interest rate swaps (NDIRS) in the renminbi market after the People’s Bank of China adjusted the fixing lower and market participants braced themselves for a key resistance level, writes Deirdre Yeung of Total Derivatives.

    • 05 Jul 2017
  • HKEX and CGSE reveal partnership in gold products

    Hong Kong Exchanges and Clearing (HKEX) and the Chinese Gold and Silver Exchange Society (CGSE) committed to building a “major gold and commodities trading centre in Asia Pacific” on Thursday.

    • 29 Jun 2017

RMB derivatives news archive

GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Industrial and Commercial Bank of China (ICBC) 21.88
2 China CITIC Bank Corp 18.75
2 Agricultural Bank of China (ABC) 18.75
2 CITIC Securities 18.75
5 China Merchants Securities Co 10.63

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 08-Mar-18 China Resources Land China 6,000
2 06-Mar-18 Air Liquide Finance France 2,200
3 09-Feb-18 Sino-Ocean Group Holdings Hong Kong 3,000
4 06-Feb-18 Global Logistic Properties via Iowa China Offshore Holdings Hong Kong 1,200
5 05-Feb-18 China Merchants Port Holdings (CMP) Hong Kong 500

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 40.71
2 HSBC 14.48
3 DBS 5.36
3 Bank of China (BOC) 5.36
3 KGI Asia 5.36

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 16-Mar-18 First Abu Dhabi Bank PJSC United Arab Emirates 900
2 14-Mar-18 Greenland Holding Group China 1,500
3 08-Mar-18 Shinhan Bank South Korea 950
4 05-Mar-18 Country Garden Holdings China 950
5 02-Mar-18 Arab Petroleum Investments Corporation (Apicorp) Saudi Arabia 630