Latest RMB bond news

  • This week in renminbi: June 26, 2017

    Tradeweb becomes Bond Connect’s first foreign trading platform provider, both northbound and southbound fund flows of the Mutual Recognition of Funds scheme pick up speed in May, and the State Administration of Foreign Exchange (Safe) plans favourable FX policy for Chinese companies investing in Belt and Road projects abroad.

    • 26 Jun 2017
  • RMB round-up: PBoC says Chinese banks must compete globally, CSRC promises reform after MSCI inclusion, HKEX plans CNH, USD futures launch on July 10

    The governor of People’s Bank of China says Chinese banks must face international competition, the China Securities Regulatory Commission (CSRC) considers changes in Stock Connect daily trading quotas after MSCI’s A-share inclusion, and the Hong Kong Exchange plans to launch CNH and dollar gold futures on July 10.

    • 23 Jun 2017
  • The lowdown: PBoC clarifies Bond Connect rules

    On Thursday, People’s Bank of China provided some clarity on the operational details of the upcoming Bond Connect. The rules make clear who will be permitted to use the bond link and which electronic platforms investors will be able to trade on. Here’s our summary of the scheme’s key features.

    • 23 Jun 2017
  • CNH, Bond Connect drive MoF offshore auction demand

    China's Ministry of Finance completed its first semi-annual auction of the year of offshore renminbi (CNH) bonds on Thursday, in a deal that surprised analysts with the strength of its demand.

    • 22 Jun 2017
  • China’s push to internationalise debt goes to Luxembourg

    The Luxembourg Stock Exchange (LuxSE) signed an agreement this week with the Shanghai Stock Exchange (SSE) for a green bond index, the latest move by China to boost its green credentials and entice international investors. Morgan Davis reports.

    • 22 Jun 2017
  • PBoC eases FX restriction for Bond Connect investors

    Foreign investors using the Bond Connect will not be required to exchange their renminbi back to foreign currencies even after selling their bonds, if they intend to re-invest that money in onshore Chinese bonds, according to new interim rules for Bond Connect published by PBoC on June 21.

    • 22 Jun 2017
  • Foreign investor access is catalyst for reform, says Asifma

    The upcoming Bond Connect will not only further open up China’s fixed income market, but also speed up the country’s financial market reform, Mark Austen, CEO of Asia Securities Industry & Financial Markets Association (Asifma), told GlobalRMB in a wide-ranging interview.

    • 22 Jun 2017
  • Experts divided on bond index inclusion chances

    Chinese bonds seem just one step away from full inclusion by the major bond index providers, following partial inclusions by Bloomberg-Barclays and Citi in the first quarter. But while some experts believe the wait will be over after the launch of the Bond Connect, others worry that China’s recent efforts to keep the renminbi stable will hurt its chances.

    • 21 Jun 2017
  • Bond Connect launch expected July 3, no onshore hedging allowed

    The Bond Connect will likely make its debut on July 3, Tae Yoo, head of client business development at the Hong Kong Exchange, told an industry event on Tuesday. While a full blueprint for the scheme is yet to be provided, what is clear is that Bond Connect investors will not have access to the onshore hedging market.

    • 20 Jun 2017
  • Luxembourg, Shanghai bourses team up for RMB green bond index

    The Luxembourg Stock Exchange (LuxSE) has signed an agreement with the Shanghai Stock Exchange (SSE) to launch a green bond index that will provide synchronous quotes in China and Europe.

    • 20 Jun 2017

RMB bond news archive

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