Go Back   Club Conspiracy Forums > General Conspiracy Discussion > Opinions
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Thread Tools Display Modes
Old 09-11-2009, 06:42 AM
SeC SeC is offline
Senior Member
Join Date: Nov 2005
Posts: 2,251
Wink 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.

Economic Observer News- China business, politics, law, and social issues


Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

All times are GMT -6. The time now is 10:03 PM.

Powered by vBulletin® Version 3.6.12
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.