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

US EUROPE AFRICA ASIA 中文
Business / Markets

Chinese money market ETF lists on LSE

By CECILY LIU (China Daily) Updated: 2015-03-26 08:00

China Construction Bank International and Commerzbank together listed the first renminbi-denominated exchange traded fund on the London Stock Exchange on Wednesday, marking a milestone that will help develop the renminbi asset management industry in the United Kingdom.

The new ETF, called the CCBI RQFII Money Market UCITS ETF, will give European and other international investors access to the China Interbank Bond Market securities, which is otherwise not available due to China's capital account controls.

UCITS stands for Undertakings for Collective Investments in Transferable Securities. It provides a single European regulatory framework for an investment vehicle, which means it is possible to market the vehicle across the European Union without worrying which country it is domiciled in.

RQFII is the Renminbi Qualified Foreign Institutional Investor program, which allows select Chinese financial firms to establish renminbi-denominated funds in international markets for investment in the mainland.

Tony Hung, executive director of portfolio management at CCBI, said that the move is an important step in CCBI's journey to engage with international financial markets and to offer products and financing capacity that connects the Chinese economy with the global economy.

Hung said the ETF will yield around 3-3.5 percent annual return, which is significantly higher than many other investment opportunities available to European investors. The first tranche of the ETF has a size of 1 billion yuan ($161 million), and Hung said his team is looking forward to issuing more tranches at a future date. The ETF is settled in three currencies, the renminbi, sterling and the euro.

Pietro Poletto, head of fixed income and ETF markets at London Stock Exchange Group, said this ETF will be very valuable to the exchange and highly attractive to investors. "This ETF is a first of its kind, and it could encourage more renminbi-denominated ETFs to be listed on the London Stock Exchange in the future," he said.

There are four RQFII ETFs listed on the London Stock Exchange and since the first London listing in January 2014, RQFII ETFs have traded over 1.5 billion pounds ($2.23 billion) in value.

Although these funds all access China's financial market opportunities under the UCITS routes, none of them are denominated in the renminbi, due to commercial decisions to denominate them in other currencies, Poletto said.

HSBC is the custodian bank and asset services provider for the ETF. Its services include global custody, China sub-custody and clearing, UK depository, fund administration and transfer agency.

Andrea Leadsom, a member of the Parliament and the economic secretary to the UK Treasury, welcomed the listing of the ETF and said that it is an important milestone in London's efforts to develop its renminbi market.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美 日韩 国产 在线观看 | 奇米影视9999| 亚洲国产一区二区在线观看 | 久久综合亚洲 | 久久成人精品 | 在线观看日本网站 | 中文字幕在线观看亚洲 | 国产成人精品视频在线 | 国产一二三四五区 | 亚洲第一页av | 成人aaaa | 国产中文字幕一区二区三区 | 一区二区三区精品视频在线观看 | 成人激情视频在线播放 | 久久久久久黄色 | av网站在线播放 | 98超碰在线| 久久精品99久久久久久 | 在线成人免费观看 | 四虎在线免费观看视频 | 鲁大师影院入口在线观看 | 又色又爽又黄无遮挡的免费视频 | 五月婷婷激情五月 | 成人在线观看免费视频 | 中文字幕观看视频 | 又色又爽又黄18网站 | 少妇一级淫片免费播放 | 欧美在线亚洲 | 黄色小视频在线播放 | 91精产国品| 特级毛片在线播放 | 色妹子综合| 中文有码在线播放 | 久久精品aaaaaa毛片 | 男女啪啪软件 | 成人精品一区二区三区中文字幕 | 中文字幕免费 | 国产欧美日韩一区 | 九九九精品视频 | 国产午夜精品在线 | 亚洲综合国产 |