日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Center

Bank to issue yuan bonds in Hong Kong

By Zhang Lu in Beijing and Hui Ching-Hoo (China Daily)
Updated: 2007-05-29 09:03
Large Medium Small

Bank to issue yuan bonds in Hong Kong

A Bank of China booth at a Beijing exhibition. Bank of China said yesterday that it plans to issue up to 3 billion yuan of bonds in Hong Kong.[newsphoto]

Bank of China (BOC), the mainland's second-largest lender, said yesterday that it plans to issue up to 3 billion yuan of bonds in Hong Kong.

The bank will be among the first batch of mainland banks to issue yuan-denominated bonds in Hong Kong, after the central government gave mainland financial institutions the green light in January.

Related readings:
Bank to issue yuan bonds in Hong Kong BOC unaffected by US$21m loan scandal
Bank to issue yuan bonds in Hong Kong Bank of China defends reputation after fraud case
Bank to issue yuan bonds in Hong Kong BOC's profits surge nearly 40% in 1st quarter
Bank to issue yuan bonds in Hong Kong 
Central bank issues bonds to curb excessive credit supply

"It's a milestone," said Ricky Cheung, vice-president of Enlighten Securities and Futures. "The yuan bond issue will mark another opening up in the yuan business in Hong Kong."

He added: "More State-owned lenders will come out to issue yuan-denominated debts."

Late last month, China Construction Bank (CCB) said it would issue 5 billion yuan worth of subordinated bonds in Hong Kong, out of a possible issue of up to 40 billion yuan.

CCB, however, gave no timetable and said the bond issue plan is pending shareholder and regulatory approval.

Market sources said the Industrial and Commercial Bank of China, the Export-Import Bank of China and China Development Bank are considering selling yuan-denominated bonds in Hong Kong.

Market analysts expect the first yuan bond sale would take place in the third quarter.

"It's a nice investment as you get the pick-up on the currency appreciation," said Wu Yonggang, an analyst at Guotai Jun'an Securities.

"It will spur the development of the yuan bond market and expand the scope of yuan-denominated financial services in Hong Kong," he said.

The central government and Hong Kong officials had expected the deregulation to reinforce Hong Kong's standing as a financial center and to force international levels of transparency on mainland bond sellers.

For mainland banks, selling yuan-denominated bonds in Hong Kong offers them a diversified fund-raising channel apart from listing and retail banking, Wu said.

Casor Pang, a strategist with Sung Hung Kai Financial Group, said the move would help ease the excessive liquidity on the mainland.

"It seems the central government is eager to cope with liquidity issue. And we expect more State-owned lenders to follow suit," he said.

But due to a small amount of yuan-denominated deposits in Hong Kong banks, there may not be much incentive for domestic lenders, some analysts said.

Official statistics show there were about 23 billion yuan renminbi deposits by the end of last year.

BOC's proposed bond sale is subject to shareholder approval at the bank's annual general meeting on June 14, the bank said in a statement to the Shanghai Stock Exchange.

The bonds will have a maturity of up to three years, the bank said. The interest rate will be determined by the level of the renminbi deposit rate on the mainland and Hong Kong, as well as the level of bond yield in relevant bond markets.

分享按鈕
主站蜘蛛池模板: 五月婷婷狠狠爱 | 亚洲免费大片 | 国产成人精品免费视频 | 亚洲第三十七页 | 国产精品观看 | 亚洲免费黄色片 | 久在线视频 | 久久不卡影院 | 亚洲另类欧美日韩 | 国产免费99 | 一区不卡视频 | 啪啪自拍| 亚洲精品免费在线观看 | 夜色爽| 欧美国产精品一区二区三区 | 超碰人人人| 婷婷五月小说 | 久久精品成人 | а√天堂8资源在线官网 | 成人欧美一区 | 欧美视频www | 成人在线观看网址 | 国产激情免费视频 | 国产精品免费视频观看 | 亚洲成人三级 | 九九热最新视频 | 国产探花在线精品一区二区 | 精品免费国产 | 成人免费av在线 | 天天草天天射 | 神马一区二区三区 | 91精品国产日韩91久久久久久 | 亚洲天堂视频网站 | 国产午夜精品在线观看 | 久久精品视频在线观看 | www色婷婷| 经典av在线 | 欧美黑人狂野猛交老妇 | 久久精品成人一区二区三区蜜臀 | 久久综合色网 | 亚洲视频免费观看 |