HK-China Green Bond Connect plans divide market opinion

The Climate Bonds Initiative (CBI) said it is working with Hong Kong’s stock exchange to launch Green Bond Connect, an initiative to help Bond Connect investors identify Chinese bonds that meet international green standards. But market participants are divided on whether such an initiative is necessary. Noah Sin reports.

  • By Noah Sin
  • 07 Sep 2017

While Bond Connect has thrown open the door to the entire interbank bond market, some foreign investors have had their eyes fixed on one segment of it — green bonds.

It is hard to blame them. The Chinese green bond market grew from almost nothing to $36.2bn of ...

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GlobalRMB Panda Bonds league table

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Panda Bond Database

Pricing Date Issuer Country Size Rmb (m)
1 15-Nov-17 Daimler Germany 4,000
2 13-Oct-17 Global Logistic Properties Singapore 1,000
3 19-Sep-17 Skyworth Digital Holdings China 2,000
4 14-Sep-17 Bank of China (Hong Kong) (BOCHK) China 9,000
5 05-Sep-17 Joy City China 1,000

Offshore RMB Bond Top Bookrunners

Rank Bookrunner Share % by Volume
1 Standard Chartered Bank 31.63
2 BNP Paribas 16.57
3 HSBC 14.01
4 JP Morgan 13.39
5 Credit Agricole 11.30

Latest Offshore RMB Bonds

Pricing Date Issuer Country Size Rmb (m)
1 15-Nov-17 Bank of China Paris Branch (BOC Paris) China 1,000
2 02-Nov-17 Hitachi Capital (UK) United Kingdom 500
3 27-Oct-17 Korea Development Bank (KDB) South Korea 1,400
4 19-Oct-17 Commonwealth Bank of Australia (CBA) Australia 1,500
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