Home Stock Exchange Stock Exchange-Hong Kong Exchanges There can be only one: Index inclusion and the future of CNH

There can be only one: Index inclusion and the future of CNH

The upcoming inclusion of onshore assets in global indices will drive massive inflows to the onshore capital markets, but will also have the side effect of downsizing the role of the offshore RMB (CNH) markets, according to Julien Martin, the head of FIC product development at the Hong Kong Exchanges and Clearing.

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GlobalRMB Panda Bonds league table

RankArrangerShare % by Volume
1China Merchants Securities Co21.76
2Agricultural Bank of China (ABC)15.11
2CITIC Securities15.11
4China CITIC Bank Corp13.60
5Industrial and Commercial Bank of China (ICBC)10.58

Panda Bond Database

Pricing DateIssuerCountrySize Rmb (m)
126-Apr-18 Global Logistic Properties via Iowa China Offshore HoldingsHong Kong1,500
226-Apr-18 TrafiguraSingapore500
323-Apr-18 CAR IncHong Kong730
411-Apr-18 China Jinmao HoldingsChina3,000
511-Apr-18 Global Logistic Properties via Iowa China Offshore HoldingsHong Kong1,200

Offshore RMB Bond Top Bookrunners

RankBookrunnerShare % by Volume
1Standard Chartered Bank33.22
2HSBC15.79
3Bank of Taiwan5.04
3Cathay United Bank5.04
5Societe Generale Securities Services4.37

Latest Offshore RMB Bonds

Pricing DateIssuerCountrySize Rmb (m)
104-May-18 Busan BankSouth Korea500
227-Apr-18 Central American Bank for Economic Integration (CABEI)Honduras2,000
324-Apr-18 CAR IncChina350
419-Apr-18 Shui On Development (Holdco for Shui On Land)China600
510-Apr-18 Bank of China Taipei Branch (BOC Taipei)China3,000

This post was originally published here via Google News