男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Markets

Offshore RMB bond issues in first half hit 277b yuan: Singaporean banker

(Xinhua) Updated: 2014-07-04 10:36

SINGAPORE - There were 611 offshore yuan bond issues worldwide in the first half of 2014, worth a total of 277 billion yuan ($44.6 billion), a senior executive of Singapore's DBS Bank said on Thursday.

The amount was close to the full-year total of 280 billion yuan for 2013, the bank's head of fixed income Clifford Lee told a press briefing.

In comparison, 16 billion yuan worth of offshore yuan bonds were issued in 2009, followed by 37 billion yuan in 2010, 151 billion yuan in 2011 and 173 billion yuan in 2012, respectively.

Offshore RMB bond issues in first half hit 277b yuan: Singaporean banker
Offshore RMB bond issues in first half hit 277b yuan: Singaporean banker

Lee said the issues from China's Hong Kong and the mainland accounted for a combined 86 percent of the total volume in the first half of the year.

He said it is encouraging to see an increasing number of international issuers testing the offshore yuan bond market to see whether they can engage the investors.

The supply is not there yet, but "enquiries have been building up, in Singapore, in Southeast Asia, because of the developments here. We are hopeful to see more coming," he said.

Short-term issues of two or three years accounted for 84 percent of the yuan bond issues in the first half.

The funding arbitrage between the onshore and the offshore markets continued to be the driver of the yuan offshore bond market for issuers, though the growing supply is expected to reduce such arbitrage in the long run.

The banking sector accounted for 36 percent of the offshore yuan bonds issued in the first half. The relatively lower proportion shows good growth in the non-bank sector.

Lee said he does not expect the yuan to be fully convertible within the coming two or three years as Chinese authorities are expected to push the process forward at a pace comfortable for them.

"There is a lot more to do ... because now it's really regulation-driven," he said. "Whatever we see now is the beginning ... clarification of the regulations, easing up the regulations. The next step would be to ease the flows of yuan onshore and offshore. That will really really give this market a boost."

"It's the fundamental use of the yuan that's going to drive the market. The more you make it relevant in terms of the application, the fast the market will develop," he added.

Piyush Gupta, chief executive officer of DBS Bank, said at the briefing that the bank sees the yuan offshore market as an important line of business with potentials in five or 10 years.

DBS Bank has a share of around 10 percent in the offshore yuan market in Hong Kong, which is more than double its share of the overall banking market there.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 楚雄市| 宣汉县| 福建省| 内丘县| 松桃| 罗定市| 涪陵区| 霍州市| 双江| 永城市| 柳江县| 岚皋县| 嘉义市| 顺平县| 和林格尔县| 崇左市| 淮滨县| 诸暨市| 安义县| 民县| 新建县| 绍兴县| 红桥区| 松桃| 南木林县| 黑水县| 靖安县| 太保市| 商河县| 武安市| 获嘉县| 呼图壁县| 遂平县| 北京市| 尖扎县| 新乡县| 万宁市| 专栏| 潜山县| 合江县| 博客|