男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Banks' Chinese bond holdings surge

Updated: 2011-11-11 09:44

By Henry Sanderson (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - International banks' investment in Chinese bonds may have swelled to more than 10 billion yuan ($1.6 billion) as the government takes steps to ease currency controls.

Holdings of China's interbank market debt outside the nation rose to at least 10 billion yuan at the end of September from zero in August 2010, HSBC Holdings PLC estimated in a report this month, using data compiled by Chinabond, the nation's clearinghouse. Some 13 billion yuan of bonds are held by commercial banks, excluding domestic institutions and local units of foreign banks, according to the data.

"The regulators are going to open the door wider for foreign banks to invest in China's bond market," said Dorris Chen, an analyst at BNP Paribas SA in Shanghai on Tuesday. "China needs more market participants to diversify the risk concentration in the Chinese banking system."

Global demand for China's yuan has grown as the government allows greater use of the currency in trade and as leaders from the United States and Europe complain that the currency is kept artificially low to promote exports. The People's Bank of China (PBOC) has let at least 31 overseas banks or foreign units of Chinese lenders invest in onshore bonds, according to the China Foreign Exchange Trade System. It didn't reveal how much each bank could invest.

Five-year government bonds in China yield 3.39 percent, compared with 1.7 percent of similar-maturity debt sold in Hong Kong and the 1.85 percent yield on global sovereign bonds, according to data compiled by Bloomberg and Bank of America Merrill Lynch.

An official at Chinabond, who didn't give his name, said he couldn't reveal what banks the data referred to, when contacted on Tuesday.

The PBOC said in a statement posted on its website in August 2010 that it would allow banks involved in cross-border yuan settlement in Hong Kong and Macao to invest in the interbank market. It didn't reveal how much each bank could invest. China is taking steps to allow international investors greater access to its domestic market. In August, Vice-Premier Li Keqiang pledged a 20 billion yuan quota for qualified Hong Kong-based companies to invest in the Chinese mainland securities. The program will be implemented "very soon", said Hong Kong Monetary Authority chief Norman Chan on Nov 4.

"The most pressing issue for investors is how to enable offshore renminbi (yuan) to return back to China in the form of investments," said Shenghua Hu, the head of markets for China at Citigroup Inc, on Wednesday. "Foreign individuals and institutions have been amassing a lot of deposits but there are limited ways to invest them profitably."

Holdings of China's interbank market debt by non-domestic investors is at least 12 billion yuan, according to Shen Jianguang, a Hong Kong-based economist at Mizuho Securities Asia Ltd.

Bloomberg News

主站蜘蛛池模板: 仪征市| 榆树市| 温宿县| 伊宁市| 惠州市| 德阳市| 惠水县| 三都| 栾城县| 惠水县| 稷山县| 香河县| 宕昌县| 馆陶县| 玉门市| 安康市| 岫岩| 黄梅县| 孙吴县| 江北区| 高尔夫| 黑龙江省| 新乡市| 富蕴县| 怀宁县| 枞阳县| 华宁县| 马关县| 中宁县| 赤城县| 武安市| 合阳县| 桃园县| 中方县| 巨鹿县| 洪雅县| 崇礼县| 老河口市| 六枝特区| 启东市| 尼勒克县| 习水县| 葵青区| 鹤峰县| 资溪县| 资源县| 深州市| 辽中县| 定陶县| 安仁县| 连州市| 防城港市| 增城市| 浦东新区| 广灵县| 蓬安县| 安庆市| 英吉沙县| 贞丰县| 赣榆县| 辰溪县| 涞水县| 克山县| 安阳市| 普兰县| 哈密市| 清徐县| 武川县| 涡阳县| 太谷县| 金坛市| 包头市| 汝城县| 响水县| 鹤岗市| 阳江市| 诏安县| 揭西县| 沁水县| 望城县| 云安县| 孟连|