Latest RMB loans/equity news
Mainland consumer electronics giant Qingdao Haier is considering launching a flotation of Chinese D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).
China and the UK have still not announced the launch date of the London-Shanghai Stock Connect, but international investors are already positioning themselves to get the most out of the new link, Gary O’Brien, a senior custody banker at BNP Paribas, told GlobalRMB.
RMB round-up: Foreign ownership of onshore securities on the up, HKEX CNH futures start 2018 in style, LuxSE joins hands with ADBC on green issuance
International investors increase their stake in Chinese bonds and equities, Hong Kong Exchanges and Clearing (HKEX) records the second highest trading volume for its USDCNH futures, and Luxembourg Stock Exchange promotes green bonds issued by Agricultural Development Bank of China (ADBC).
Hong Kong’s stock exchange wants to make technical — but undoubtedly important — changes to Bond Connect, putting increasing emphasis on expanding its fixed income and currencies product offering, said Charles Li, the exchange’s chief executive.
China's listed companies are set to sell stock directly to European investors. The first listing of an A-share company on the China Europe International Exchange (Ceinex) in Frankfurt will happen by June this year. Investment banks have already been mandated, GlobalCapital Asia's sister publication GlobalRMB has reported.
RMB round-up: China touts RMB IPOs in HK for Belt and Road, international investors up stake in Chinese bonds, Li Keqiang unveils 2017 GDP figure
The Chinese government contemplates RMB-denominated IPOs for mainland companies fundraising for Belt and Road projects, foreign ownership of Chinese bonds goes up in December, and premier Li Keqiang indicates the economy grew by 6.9% in 2017.
With growing demand for overseas investment, Chinese regulators could release new outbound investment quotas in 2018 by rebooting the qualified domestic institutional investor (QDII) programme and launching a two-way ETF Connect with Hong Kong.
The week in renminbi: London-Shanghai Connect to go ahead, China remains largest holder of US Treasuries, BOC sets up Qatar branch
UK and Chinese officials press ahead with London-Shanghai Stock Connect, China tops the October league table of foreign holders of US Treasuries, and Bank of China opens a new branch in Qatar.
The week in renminbi: Politburo discusses leverage levels, ETF Connect in the pipeline, HSBC JV expands A-shares coverage
In this round-up, China’s Politburo meets to discuss the policy priorities for 2018, Shenzhen Stock Exchange in talks over ETF Connect, and HSBC expands its A-shares coverage from its onshore securities joint venture.
Short selling is crucial to the development of China’s equity market, especially in attracting greater foreign participation, Lyndon Chao, head of equities and post trade at the Asia Securities Industry & Financial Markets Association (Asifma), told GlobalRMB.
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Latest news by market and league table performance
GlobalRMB Panda Bonds league table
|Rank||Arranger||Share % by Volume|
|1||Industrial and Commercial Bank of China (ICBC)||35.00|
|2||China CITIC Bank Corp||30.00|
|3||China Merchants Securities Co||17.00|
|4||Standard Chartered Bank||5.00|
Panda Bond Database
|Pricing Date||Issuer||Country||Size Rmb (m)|
|1||09-Feb-18||Sino-Ocean Group Holdings||Hong Kong||3,000|
|2||06-Feb-18||Global Logistic Properties via Iowa China Offshore Holdings||Hong Kong||1,200|
|3||05-Feb-18||China Merchants Port Holdings (CMP)||Hong Kong||500|
|4||01-Feb-18||The Emirate of Sharjah||United Arab Emirates||2,000|
|5||25-Jan-18||Sino-Ocean Group Holdings||Hong Kong||3,000|
Offshore RMB Bond Top Bookrunners
|Rank||Bookrunner||Share % by Volume|
|1||Standard Chartered Bank||58.48|
|2||Deutsche Bank (Taipei)||9.21|
|3||Mitsubishi UFJ Financial Group (MUFG)||8.35|
|5||CTBC Bank (formerly Chinatrust Commercial Bank)||3.30|
Latest Offshore RMB Bonds
|Pricing Date||Issuer||Country||Size Rmb (m)|
|1||08-Feb-18||Sinochem Offshore Capital Company||China||1,000|
|3||17-Jan-18||Asian Development Bank (ADB)||Philippines||100|
|4||17-Jan-18||Export-Import Bank of Korea (Kexim)||South Korea||270|
|5||17-Jan-18||IL&FS Transportation Networks||India||100|