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
World / Europe

IFC becomes largest issuer of London-Listed renminbi bonds

By Cecily Liu (chinadaily.com.cn) Updated: 2014-09-18 05:40

International Finance Corporation issued 1 billion yuan worth of ($163 million) renminbi bonds on Wednesday in London, which made it now the largest issuer of renminbi-denominated bonds on the London Stock Exchange.

The five-year issuance marks the second time IFC has issued a benchmark-sized renminbi bond this year. The bond is also the longest-dated renminbi bond by a triple-A rated issuer on the exchange. In all, IFC has issued about 4.25 billion yuan in renminbi-denominated bonds in London.

Vice President and Treasurer Hua Jingdong said IFC decided to issue the renminbi bonds to increase foreign investment in China and support the internationalization of the Chinese currency.

He said so far IFC has invested the proceeds of a lot of its renminbi bonds in China's interbank market, and in the process helped to deepen China's bond market, with the future plan to eventually invest proceeds directly into IFC's projects in China.

The bond yields 3.1 percent. Investor types included central banks, official institutions, commercial banks, insurance companies, and asset managers globally. BNP Paribas, Industrial and Commercial Bank of China, and Standard Chartered Bank and were lead arrangers for the bond.

In China, IFC focuses on private sector investments that help to fight climate change, enable rural development, and promote sustainable Chinese investments overseas. Since 1985, IFC has invested about $7 billion in more than 270 projects in the country, including nearly 3 billion yuan in local-currency investments.

It also works with the Chinese government to create a regulatory and legal environment that supports the growth of financial services, hence its efforts to help deepen China's renminbi bonds market also contribute to the goal.

IFC previously pioneered the international issuance of renminbi-denominated bonds in China (Panda bonds) and Hong Kong (Dim Sum bonds). IFC was also the first to set up a program to regularly issue offshore renminbi-denominated discount notes.

IFC became the first international financial institution to issue renminbi bonds in London in March, and in June it also issued the first renminbi green bonds in London.

To date, there are 20 renminbi denominated bonds listed on the London Stock Exchange, totaling 15 billion yuan. Other previous issuers include Bank of China, European Bank for Reconstruction and Development, Lloyds Bank and HSBC.

Hua said London's international financial market means its renminbi bonds can attract investors globally, and the UK government's commitment to make London a major offshore renminbi hub also contributed towards IFC's decision to issue renminbi bonds in London.

A recent breakthrough in London's renminbi activities is the UK government's plans to sell the world's first non-Chinese sovereign bond denominated in renminbi, to finance the nation's foreign-currency reserves, announced following the UK-China Economic and Financial Dialogue on September 12.

Hua said the announcement has great economic significance because for the renminbi to be used by the UK government, a triple A rated sovereign, it signals that perhaps the UK government is eventually making the Chinese yuan a reserve currency.

"For them to tap into a new currency it diversifies their funding resources. It gives them another avenue of funding. So it makes a lot of sense," Hua said.

Hua said the renminbi's prominence as a reserve currency is growing, and this is partly reflected by the fact many central banks have invested into IFC's offshore yuan bonds.

But the timescale of the renminbi becoming a reserve currency will depend on how quickly the Chinese government liberalizes its capital account controls on the renminbi, he said. "I'm optimistic that it will happen in the not so far away future."

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 亚洲天天看 | 蜜臀99久久精品久久久久小说 | 色婷婷av一区二区 | 久久国内精品视频 | 丝袜美腿小色网 | 最近中文字幕在线中文高清版 | 国产小视频在线观看 | 夜色在线影院 | 成人在线观看网站 | 精品视频一区二区三区在线观看 | 亚洲免费大片 | 97视频免费 | 午夜一级大片 | 国产福利视频在线 | 一级在线观看 | 中文字幕精品久久 | 在线免费av网址 | 国产码视频 | 成人午夜毛片 | 久久国产精品偷 | 亚洲精品成人 | 狠狠爱综合网 | 综合色婷婷 | 久草热在线| 91第一页 | 国产亚洲一区二区三区 | 国产毛片高清 | 天堂在线中文网 | 日韩欧美亚洲综合 | 日本一级片在线观看 | 在线一二区| 韩日精品在线 | 射黄视频 | 午夜aaaa | 日本h视频在线观看 | 伊人久久大 | 九九免费精品视频 | 永久免费看mv网站入口亚洲 | 天天操导航 | 一区二区精品国产 | 国产精品成人在线 |