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

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: 日韩在线中文字幕 | 美女视频黄a视频免费全过程 | 欧美99| 久久久久久一级毛片免费野外 | 色网在线观看 | www.99热这里只有精品 | 国产精品原创av片国产免费 | 91精品国产综合久久久久久丝袜 | 亚洲性色视频 | 伊人成人在线观看 | 日韩欧美亚洲一区 | 欧美不卡视频一区发布 | 免费毛片看| 欧美1级| 亚洲欧洲一区二区三区 | www.毛片| 亚洲av毛片一区二区久久 | 看免费黄色大片 | 午夜宅男视频 | 免费午夜影片在线观看影院 | 偷拍自拍视频在线观看 | 日韩国产欧美视频 | aaa一级毛片免费 | 色噜噜狠狠大色综合 | 欧美成人激情 | 欧美a在线 | 美女污污视频在线观看 | 一本色道精品久久一区二区三区 | 亚洲精品一区二区三区在线观看 | 国产精品综合网 | 欧美亚洲高清 | 久久777国产线看观看精品 | 日韩精品一区二区在线 | 日本在线视频一区二区 | 日本娇小xxxxhd | 久久无码人妻中文国产 | 成人性大片免费观看网站 | 亚洲国产七七久久桃花 | 久久精品视频在线观看榴莲视频 | 91私密视频 | 美女扒开胸罩给男生看视频 |