日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 欧美精品18 | 欧美黄色a级 | 成人在线免费看 | 国产精品欧美一区二区三区 | 在线中文字幕视频 | 色综合五月| 粉色午夜视频 | jizz性欧美2| 少妇视频在线 | 国产专区第一页 | 黄色的网址 | 精品国产中文字幕 | 日本中文在线观看 | 天天干视频 | 中文字幕在线观看视频免费 | 久草最新网址 | 午夜精品福利在线 | 欧美一级免费大片 | 4444在线观看| 色中色综合 | 日韩亚洲天堂 | 国产精品成人在线视频 | 日韩精品999 | 日韩精品第二页 | 国产乱淫av麻豆国产免费 | 丁香六月激情 | 日本黄色小视频 | 国产精品成人久久久久 | 欧美一区 | 天堂网一区 | 高清乱码免费看污 | 色在线免费观看 | 97国产在线视频 | 日韩成人精品 | 在线观看国产黄色 | 日韩欧美国产一区二区三区 | 伊人久久视频 | 免费av成人 | 大伊香蕉 | 久久久久久久久久久97 | 成人不卡视频 |