综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Center

CDB to sell first-ever RMB bonds in Hong Kong

By Lillian Liu and Hui Ching-hoo (China Daily)
Updated: 2007-06-27 08:36
Large Medium Small

China Development Bank (CDB) will sell the first-everrenminbi-denominated bonds in Hong Kong today, demonstrating the central government's effort to strengthen the special administrative region's status as an international financial hub and broaden the yuan market.

The one-week offer beginning today is available to both institutional andretailinvestors. The two-year bonds, with a maximum size of 5 billion yuan, including a minimum of 1 billion yuan for retail investors, carry a coupon rate of 3 percent per annum, CDB said in a statement.

The funds raised from the offering will be used to finance China's "key infrastructure projects", said Chen Yuan, CDB's governor, adding that the bank's mandate to help achieve the government's development goals will not change.

The long-awaited issue of renminbi bonds coincides with the 10th anniversary of Hong Kong's reunification with the mainland and marks a financial cooperation milestone between the SAR and the mainland, Henry Tang, Hong Kong's Financial Secretary, said at the launch.

Special coverage:
Markets Watch

Related readings:
CDB to sell first-ever RMB bonds in Hong Kong RMB bonds good for mainland, Hong Kong
CDB to sell first-ever RMB bonds in Hong Kong China drafts ratings rules to boost bond market
CDB to sell first-ever RMB bonds in Hong Kong BOC to sell yuan bonds in HK
CDB to sell first-ever RMB bonds in Hong Kong 
EximBank prepares to issue RMB bonds in HK

"The issue of renminbi bonds in Hong Kong strengthens the complementary and interactive relationship between the two financial system on a mutually beneficial basis. It also provides solid testing ground for the renminbi in international financial transactions," Tang said.

The joint lead managers and bookrunners for the bond issue areBank of China(Hong Kong) and HSBC.

The distributors comprise 14 placing banks with branches in Hong Kong, including Bank of Communications, Bank of China (Hong Kong),China Construction Bank(Asia), CITIC Ka Wah Bank, HSBC, theIndustrial and Commercial Bank of China(Asia), Nanyang Commercial Bank, Standard Chartered Bank (Hong Kong), Wing Hang Bank and Wing Lung Bank.

The minimum subscription for an individual investor is 20,000 yuan.

Though there is still debate about quota size, the offering received warm applause in the city.

"The quota is moderate considering the handful of yuan deposits in Hong Kong," said Paul Tang, chief economist of Bank of East Asia.

"However, the symbolism behind the liberalization is more important than the pragmatic effect. Also, we expect the quota will be further extended, alongside other kinds of yuan businesses, such as overseas settlement," he said.

Daniel Chan, senior investment strategist for DBS Bank (Hong Kong), told China Daily that the quota for the first batch of yuan-denominated bonds is sufficient to quench market demand.

分享按鈕
定日县| 个旧市| 唐山市| 浦北县| 博乐市| 张家界市| 湛江市| 巴塘县| 象山县| 谷城县| 城市| 海门市| 泽州县| 林州市| 定边县| 榆树市| 开封县| 镇雄县| 乌鲁木齐市| 炉霍县| 凤冈县| 启东市| 宁强县| 靖边县| 西吉县| 卓尼县| 望谟县| 阜新市| 开阳县| 南开区| 冷水江市| 股票| 溆浦县| 左贡县| 陆河县| 铜鼓县| 乌海市| 东山县| 白银市| 皮山县| 易门县|