日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

New regulations to promote issuance of Panda bonds

By Chen Jia | China Daily | Updated: 2018-09-27 09:32
Share
Share - WeChat
[Photo/VCG]

China will encourage foreign institutions to raise funds through renminbi-denominated bonds in the interbank bond market, as part of efforts to accelerate the opening-up of the financial market and improve the renminbi's internationalization.

The People's Bank of China, the central bank, and the Ministry of Finance jointly issued regulations on Tuesday to promote bond issuances by foreign institutions in the Chinese mainland interbank bond market.

The foreign institutions, which are allowed to issue renminbi-denominated bonds, or the so-called Panda bonds, include international development institutions, foreign governments, overseas financial institutions and non-financial companies.

The rules further clarified standards for foreign bond issuers on application conditions and procedures, information disclosure, and matters related to bond issuance registration, entrustment and settlement, said a statement on the central bank's website.

The move will improve the internationalization of China's bond market, and is a significant step in further opening the country's financial sector, it said.

"For the next step, the central bank will work with other government departments to steadily promote the opening-up of China's financial market."

Li Minhong, vice-president of Deutsche Bank (China), said market liquidity and pricing mechanisms in the domestic bond market will improve with the entry of more global issuers and investors. "It could also help accelerate the renminbi's internationalization," he said.

International development institutions issued the first renminbi bond in China's interbank market in 2005. By the end of August, foreign institutions had issued renminbi bonds worth 178.16 billion yuan ($25.9 billion), according to central bank data.

Wang Qing, chief macro strategist with Golden Credit Rating International Co Ltd, said the new Panda bond issuance rules will help improve coordination between various financial regulators.

"The bond issuance regime is developing more toward international standards," said Wang.

Pan Gongsheng, the central bank's vice-governor, said earlier at a forum in Shanghai that China will continue to promote opening-up in the capital market to better serve the nation's economic development and broader opening-up drive.

"China will further open up some nonconvertible items under the capital account, and those already convertible will see more liberalized trading," he said.

The nation's financial regulators announced more measures to facilitate the opening process, including removing the requirements for a three-month capital lockup period for Qualified Foreign Institutional Investor (QFII) and for RMB Qualified Foreign Institutional Investor (RQFII) redemptions.

The monthly repatriation limit of 20 percent of its mainland assets for a QFII was also abolished under the new regulations.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: www.夜夜操.com| 亚欧洲精品视频在线观看 | 精品一区二区三区网站 | 久久青草国产免费观看 | 国产视频二 | 国产精品免费一区 | 99久久国产综合精品女小说 | www.小视频| 毛片一级在线 | 成人小视频在线观看 | 亚洲精品美女久久久久 | jizz18毛片 | 激情亚洲综合网 | 男女下面一进一出无遮挡着 | 国产精品98福利小视频 | 亚洲黄色免费 | www.伊人网| 久久一日本道色综合久久m 亚洲三级视频 | 久草视频在线观 | 日韩爽爽爽视频免费播放 | 一级毛片日本特黄97人人 | 亚洲欧美日韩中文字幕久久 | 久久久人成影片一区二区三区 | 傲视影院午夜毛片 | 日韩一区免费在线观看 | 特黄视频 | 亚洲高清免费视频 | 免费又粗又硬进去好爽A片视频 | 青草视频在线观看免费资源 | 成人欧美一级毛片免费观看 | 国产精品爱久久久久久久电影 | 激情网五月 | 国产精品久久久久无码av | 国产视频大全 | 午夜深夜福利网址 | 国产区一区 | 欧美黄区 | 黄色综合 | 亚洲欧洲中文日韩久久AV乱码 | 天天综合亚洲 | 久草久草久草久草 |