三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Offshore yuan bonds issued in Singapore

By Wang Xiaotian | China Daily | Updated: 2013-05-28 06:52

Two major international lenders launched the first batch of offshore yuan-denominated bonds in Singapore on Monday, making the country the third offshore hub for such notes and consolidating its standing as an international financial center.

On the same day, the Industrial and Commercial Bank of China's Singapore branch kicked off yuan clearing services in the island nation.

Standard Chartered PLC announced that it had raised 1 billion yuan ($163.36 million) through the offshore bonds. The three-year senior unsecured issuance was priced with a coupon of 2.625 percent after generating more than 3 billion yuan in orders from 75 investors across Asia.

HSBC said it had issued 500 million yuan of two-year fixed rate notes on the market, with yields of 2.25 percent. The funds will be used to finance the bank's expansion of yuan-based lending assets, said Matthew Cannon, head of global markets at HSBC Singapore.

Singapore-based DBS Group Holdings Ltd is also expecting to launch its first offshore yuan bond issue in the country shortly.

"We see this as another milestone for Singapore in the development of its status as an offshore yuan hub," said Ray Ferguson, chief executive officer of Standard Chartered Bank Singapore.

He said the country's contribution to the development of the yuan is further enhanced by the issuance, as it already leads as a regional treasury center, and was a springboard to Southeast Asia along the key trade corridor with China while providing a hub for Asian wealth management and commodities trading.

Guy Harvey-Samuel, group general manager and CEO at HSBC Singapore, said apart from the "historic" bond issue, the bank has also completed a number of other yuan transactions for its customers in Singapore through the new yuan-clearing facility.

Magnus Bocker, CEO of Singapore Exchange, said the exchange will keep growing and enhancing its suite of yuan and China-related products and services as Singapore's role as an offshore yuan center becomes increasingly important.

According to the Society for Worldwide Interbank Financial Telecommunication, or SWIFT, in terms of the value of offshore yuan payments, Singapore ranked second last month following the United Kingdom in regions excluding Hong Kong and the Chinese mainland.

China and Singapore doubled the size of their currency-swap arrangement to 300 billion yuan in March, one month after the Chinese central bank approved the Singapore branch of ICBC as its clearing bank.

As of June 2012, deposits of the currency in Singapore stood at about 60 billion yuan.

The yuan has become the 13th most-used currency overall with an all-time high market share of 0.74 percent, and payments denominated by the currency grew in value by 32.7 percent, in comparison with the average increase of just 5.1 percent across all currencies, according to SWIFT.

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 日本特黄特色大片免费视频 | 欧美在线精品一区二区在线观看 | 国产伦理播放一区二区 | 色欲影院 | 日本无翼乌邪恶大全彩h污污 | 亚洲丝袜在线播放 | 亚洲国产日韩无在线播放 | 性欧美巨大 | 亚洲国产精品一区二区九九 | 三级福利片 | 黄网视频在线观看 | 精品一区二区三区亚洲 | 亚洲aav| 亚洲国产日韩在线成人蜜芽 | 欧美日韩国产在线 | 日韩国产欧美 | 久久成年人| 久久精品视频16 | 高清一级做a爱过程免费视频 | 国外欧美一区另类中文字幕 | 国产日产久久高清欧美一区 | 亚洲嗯啊 | 免费一区在线 | 激情婷婷网| 三级网站免费 | 日本老熟妇毛茸茸 | 亚洲国产一区二区三区四区五区 | 亚洲福利视频一区二区三区 | 一级片视频免费观看 | 国产精品久久久久久久网站 | 亚洲国产精品久久久久666 | 久青草青综合在线视频 | 爱色视频| 日韩在线视频免费不卡一区 | 国产亚洲人成在线影院 | 国产成人禁片在线观看 | 99热在线观看精品 | 韩日免费视频 | 一级特级aa欧美毛片 | 生活片一级播放免费 | 亚洲欧美日韩视频一区 |