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

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: 成人精品第一区二区三区 | 国产在线观看成人免费视频 | 欧美视频一区二区 | 日韩欧美一区二区精品久久 | 亚洲欧美国产高清va在线播放 | 久久精品国产三级不卡 | 欧美视频一区二区专区 | 在线国产欧美 | 永久免费看毛片 | 另类zoofilia杂交videos | 国产亚洲精品网站 | 成人自拍网 | 直接在线观看的三级网址 | 久久精品国产大片免费观看 | 国产精品久久久久三级 | 男女性男女刺激大片免费观看 | 亚洲伊人色一综合网 | 成人在线免费小视频 | 欧美性猛交xxxxbbb | 亚洲视频在线观看网址 | 成人满18在线观看网站免费 | 国内精品九一在线播放 | 亚洲2020天天堂在线观看 | 波多野结衣一区在线观看 | 国产在线一区观看 | 亚洲欧美日韩三级 | 久久久久女人精品毛片 | 欧美一级视频 | 在线成人免费观看国产精品 | 67194国产精品 | 91视频天堂| 日韩午夜精品 | 亚洲图片 自拍 | 国产一区二区三区高清视频 | 九九在线视频 | 日韩一区二区不卡中文字幕 | 免费观看毛片视频 | 成年女人免费视频 | 久久青草视频 | 国产亚洲欧美成人久久片 | 农村寡妇特一级毛片 |