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

Agricultural Development Bank to issue more offshore yuan bonds

By JIANG XUEQING (China Daily) Updated: 2015-07-31 10:47

Agricultural Development Bank of China will issue more offshore renminbi-denominated bonds this year to raise a large amount of capital and reduce the cost of bond issuance, a bank official said on Thursday.

The State-owned agricultural policy bank faces a sharp increase in capital demands, especially for medium- to long-term funding, as it is strengthening efforts to support major water projects, urban-rural integration and poverty alleviation.

At present, its annual debt issuance has reached 800 billion yuan ($129 billion), up 40 percent year-on-year, said Liu Dinghua, general manager of the bank's funds planning department.

Meanwhile, China's interest rate liberalization has significantly increased the cost of bond issuance. During the period of liquidity strain in 2014, the lender's debt issuance costs went up by nearly 200 basis points.

On the other hand, the People's Bank of China, the central bank, lowered the benchmark lending rates three times in the first half of this year. It caused a drop of 19 billion yuan in the lender's interest income from loans.

"In spite of the challenges, we will still rely on domestic and international markets for capital raising," Liu said. "Issuing offshore renminbi-denominated bonds will help lower our fundraising costs."

Last year, the interest rates of offshore renminbi-denominated bonds were about 200 basis points lower than that of onshore yuan debts, he said.

In addition, the bank will also seek more monetary policy support, such as re-lending, from the People's Bank of China and financial support from the central government.

In April, the State Council approved the reform plans of three policy lenders, including Agricultural Development Bank of China. It required the lender to manage policy-oriented business and operational business on separate accounts to clarify responsibilities.

The relevant government departments are discussing the standards on how to define these two kinds of businesses, said the bank's spokesman Sun Lansheng.

Established in 1994, Agricultural Development Bank of China is a wholly State-owned lender specialized in providing financial support for agricultural and rural development.

As of June 30, its outstanding loans hit 3.1 trillion yuan, up 9 percent from the beginning of this year. During the first six months, new loans reached 740.7 billion yuan, rising 7.4 percent from the previous year.

The loans were mainly used to fund grain and oil purchase, large water projects, rural shantytown renovation, urbanization and poverty alleviation, Sun said.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: www.爱爱| 久久久精品网 | 一区国产视频 | 日本成人福利视频 | 国产精品久久久久久久妇 | 99久久婷婷国产精品综合 | 男女猛烈无遮挡 | av一级大片 | 97精品视频在线 | 精品国产一区二区三区久久久蜜臀 | 天堂资源站 | 欧美精品免费在线 | 天天操天天爱天天干 | 91视频国产精品 | 国产一区二区三区视频免费观看 | 在线看毛片网站 | 五月婷婷在线观看 | 1024国产| 日韩欧美自拍偷拍 | 欧美日皮视频 | 亚洲精品一级片 | 九九天堂 | 国产99久久久国产精品成人免费 | 91精品99 | 国产一区二区三区免费 | 青青操在线观看 | 蜜桃av中文字幕 | 热久久最新网址 | 色女孩综合 | 日本欧美在线观看 | 国产视频日韩 | 久久一区二 | 日韩小视频在线 | 天堂毛片 | 久久久久伊人 | 91久久精品一区二区三 | 亚洲免费视频观看 | 日韩在线视频第一页 | 国产欧美精品在线观看 | 精品无人国产偷自产在线 | 99久久久久成人国产免费 |