RMB internationalisation: 10 questions for the market, part 2

Every year, our sister publication Asiamoney carries out an Offshore RMB Poll. As part of that process, the magazine asks the market for its thoughts on important renminbi topics. In this third year, we received around 2,300 valid responses, up 3% on a year ago. The ten questions included a new one on the inclusion of onshore RMB assets in global indices. Here we present the answers to the final five questions.

  • By Paolo Danese
  • 10 Apr 2017

How many new RMB hubs do you expect to have in 2017? (Total responses: 1,618)

RMBed6Last year a majority of respondents said they expected less than five RMB business hubs to be set ...

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 CITIC Securities 38.46
2 China Merchants Bank Co 22.73
3 China CITIC Bank Corp 19.23
4 Industrial and Commercial Bank of China (ICBC) 8.74
4 Bank of China (BOC) 8.74

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 12-Jun-17 China Traditional Chinese Medicine Holdings China 2,000
2 22-May-17 CITIC Bank International China 3,000
3 19-May-17 China Power New Energy Development Co China 800
4 17-May-17 Daimler Germany 4,000
5 25-Apr-17 CAR Inc Hong Kong 300

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 JP Morgan 49.70
2 Barclays 10.06
2 Citi 10.06
2 HSBC 10.06
2 Bank of China (BOC) 10.06

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 01-Jun-17 Ocean Wealth (Parent: China Orient Asset Management) China 632
2 11-Apr-17 Bank of China Johannesburg Branch (BOC Johannesburg) China 1,500
3 22-Feb-17 Ocean Wealth (Parent: China Orient Asset Management) China 850
4 28-Nov-16 Loncin Holdings China 800
5 04-Nov-16 China Nuclear Engineering Group China 1,500