www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Banks' Chinese bond holdings surge

Updated: 2011-11-11 09:44

By Henry Sanderson (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - International banks' investment in Chinese bonds may have swelled to more than 10 billion yuan ($1.6 billion) as the government takes steps to ease currency controls.

Holdings of China's interbank market debt outside the nation rose to at least 10 billion yuan at the end of September from zero in August 2010, HSBC Holdings PLC estimated in a report this month, using data compiled by Chinabond, the nation's clearinghouse. Some 13 billion yuan of bonds are held by commercial banks, excluding domestic institutions and local units of foreign banks, according to the data.

"The regulators are going to open the door wider for foreign banks to invest in China's bond market," said Dorris Chen, an analyst at BNP Paribas SA in Shanghai on Tuesday. "China needs more market participants to diversify the risk concentration in the Chinese banking system."

Global demand for China's yuan has grown as the government allows greater use of the currency in trade and as leaders from the United States and Europe complain that the currency is kept artificially low to promote exports. The People's Bank of China (PBOC) has let at least 31 overseas banks or foreign units of Chinese lenders invest in onshore bonds, according to the China Foreign Exchange Trade System. It didn't reveal how much each bank could invest.

Five-year government bonds in China yield 3.39 percent, compared with 1.7 percent of similar-maturity debt sold in Hong Kong and the 1.85 percent yield on global sovereign bonds, according to data compiled by Bloomberg and Bank of America Merrill Lynch.

An official at Chinabond, who didn't give his name, said he couldn't reveal what banks the data referred to, when contacted on Tuesday.

The PBOC said in a statement posted on its website in August 2010 that it would allow banks involved in cross-border yuan settlement in Hong Kong and Macao to invest in the interbank market. It didn't reveal how much each bank could invest. China is taking steps to allow international investors greater access to its domestic market. In August, Vice-Premier Li Keqiang pledged a 20 billion yuan quota for qualified Hong Kong-based companies to invest in the Chinese mainland securities. The program will be implemented "very soon", said Hong Kong Monetary Authority chief Norman Chan on Nov 4.

"The most pressing issue for investors is how to enable offshore renminbi (yuan) to return back to China in the form of investments," said Shenghua Hu, the head of markets for China at Citigroup Inc, on Wednesday. "Foreign individuals and institutions have been amassing a lot of deposits but there are limited ways to invest them profitably."

Holdings of China's interbank market debt by non-domestic investors is at least 12 billion yuan, according to Shen Jianguang, a Hong Kong-based economist at Mizuho Securities Asia Ltd.

Bloomberg News

主站蜘蛛池模板: 91精选视频在线观看 | 欧美xxxx成人免费网站 | 看黄网址 | 精品国产v无码大片在线观看 | 特黄aa级毛片免费视频播放 | 国产亚洲美女精品久久 | 欧美无极品 | 69久成人做爰视频 | 国产99高清一区二区 | 欧美成人免费公开播放 | 久久se精品一区二区国产 | 中文字幕一区日韩在线视频 | 国产精品免费精品自在线观看 | 美国一级片免费看 | 久久国产精品免费看 | 久久国产欧美日韩高清专区 | 91年精品国产福利线观看久久 | 国产亚洲欧美ai在线看片 | 日本特一级毛片免费视频 | 欧美另类综合 | 酒色成人| 4455永久在线毛片观看 | 国产成人综合网亚洲欧美在线 | 第一色网站 | 三级网址在线 | 中文字幕乱码系列免费 | 成人爱爱网站在线观看 | 欧美成人自拍视频 | 国产精品三级手机在线观看 | 日本高清免费视频色www | 国产精品美乳免费看 | 久色tv| 中国性孕妇孕交在线 | 成人做爰视频www片 成人做爰视频www视频 | 九九爱精品 | 2022国内精品免费福利视频 | 久草在线视频网 | 国产在线精品一区二区中文 | 国产一区二区三区高清视频 | 美女黄频网站 | 中文字幕欧美日韩一 |