Post Reply 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
China to Issue Government Bonds in Hong Kong
09-11-2009, 01:43 PM
Post: #1
China to Issue Government Bonds in Hong Kong
China to Issue Government Bonds in Hong Kong

By Tang Xiangyang, 2009-09-11

China will sell 6 billion yuan of government bonds in Hong Kong for the first time later this month, according to a statement posted to the Ministry of Finance's (MOF) website on Tuesday.

The 6 billion yuan ($876 million US dollars) worth of bonds will be yuan-dominated and sold on September 28. But the ministry did not provide any detail about who would handle the bond issue.

China has recently expressed its concern regarding the stability of the US dollar and has signaled it's desire to gradually see the Renminbi become a global reserve currency.

Along with the launch of a pilot RMB settlement scheme earlier this year, this bond issue marks another small step in the long road to the internationalization of China's currency.

According to the official statement, the bond offer is an indication of the central government's support for Hong Kong, and it argues that the move will not only strengthen the special administrative regions' financial cooperation with the mainland but will also help to consolidate Hong Kong's position as an international financial hub.

The bonds will be sold to both institutions and individual investors.
Find all posts by this user
Quote this message in a reply
Post Reply 

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
Information China's Global Economic Reach FastTadpole 8 1,319 03-29-2014 04:33 PM
Last Post: FastTadpole
Smile U.S. Government Stages Fake Coup To Wipe Out National Debt CharliePrime 0 309 09-26-2012 01:14 PM
Last Post: CharliePrime
  $134 Billion in Bonds Seized, Now $6 Trillion another $15 Trillion - What's Up? waxzy 5 2,429 03-18-2012 06:28 PM
Last Post: CharliePrime
Question Tax Cuts Can Lead You to Paying More to the Government FastTadpole 0 324 09-21-2011 04:43 AM
Last Post: FastTadpole
  Trades reveal China shift from dollar Solve et Coagula 0 278 06-21-2011 01:13 PM
Last Post: Solve et Coagula
  China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings Solve et Coagula 3 519 04-26-2011 05:21 PM
Last Post: rsol
  Government Destroyed Documents Regarding Pre-9/11 Put Options h3rm35 2 622 01-13-2011 08:23 PM
Last Post: FastTadpole
Information A REAL Analysis of Canadian Government Debt and Tax: Federal, Provincial and Local FastTadpole 1 1,557 12-22-2010 10:26 PM
Last Post: FastTadpole
  25 Staggering signs of economic collapse+Tent Cities Filled With Tents Made In China h3rm35 0 412 12-19-2010 10:40 PM
Last Post: h3rm35
  Nigeria to charge Dick Cheney in $180 million bribery case, issue Interpol arrest war mexika 0 368 12-03-2010 03:31 AM
Last Post: mexika

Forum Jump:

User(s) browsing this thread: 1 Guest(s)