久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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

Bids for yuan treasury bond issue from July 5

By Chen Jia | China Daily | Updated: 2018-06-28 09:17
Share
Share - WeChat
Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a bank in Beijing, March 30, 2016. [Photo/Agencies]

The Ministry of Finance said on Wednesday that it would open bids for its planned 5 billion yuan ($760 million) yuan-denominated treasury bond issue in Hong Kong on July 5.

The bond issue will have three tranches and will be the first of two such issues planned by the ministry this year. The second round will also be worth 5 billion yuan and be issued in Hong Kong, the ministry said, without giving a specific timetable.

In the current issue, the first tranche will be a bond issue worth 3 billion yuan with a two-year maturity. It will be followed by an issue for 1.5 billion yuan with five-year maturity, and the remaining 500 million yuan will be a placement for central banks with an option to choose from either of the two maturities, the ministry said.

The interest rates for each series of bonds will be determined in accordance with a competitive tender as described in the Tender Information Memorandum dated June 27, said the document.

The bidding results will be published by the Hong Kong Monetary Authority later, it said.

Meanwhile, the Bank of Communications Co Ltd Hong Kong branch was named the fiscal agent, and issuing and lodging agent, on behalf of the Ministry of Finance.

The funds raised will be used mainly for infrastructure construction, public services, energy conservation, emission reduction projects and corporate innovation, it said.

Taking into account the total 10 billion yuan offering, the country's gross issuance of yuan-denominated treasury bond in offshore markets will fall this year from 14 billion yuan in 2017 and 31 billion yuan in 2016, as the market termed it "a lighter-than-expected supply" this time.

But it may also not be the perfect timing for dim sum bond issuances, with some experts indicating that the recent weakening of the Chinese currency may deter investors, who are reluctant to take on risks amid market uncertainties and escalating Sino-US trade tensions.

On Wednesday, the spot exchange rate of offshore yuan softened for the tenth consecutive trading day to 6.6164 per US dollar, the lowest level since Dec 20, after it lost nearly 3 percent in the last two weeks.

"We shouldn't discount the fact that there has been a broad-based US dollar rally across the foreign exchange markets over the second quarter, at the same time that trade war concerns have intensified," said Jameel Ahmad, global head of currency strategy and market research at FXTM.

As the first offering of 5 billion yuan is a relatively small batch, the ministry feels no pressure on market demand at the moment, and the influences from a weaker yuan could be limited, according to an official close to the matter.

"We expect the auction to be very well received, on light supply of high-quality dim sum bonds so far this year and likely accommodative offshore yuan liquidity conditions," according to a research note of Standard Chartered Bank (HK) Ltd.

"Any measure to further improve the liquidity of offshore treasury bonds will likely boost demand and restore some market confidence on the finance ministry's commitment in the development of the dim sum market," said the bank.

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: 久久久久久久国产精品影院 | 国产高清亚洲 | 精品在线观看免费 | 亚洲精品综合 | 成人午夜兔费观看网站 | 全部免费毛片在线 | 国产99精品一区二区三区免费 | 在线99| 日韩欧美一区二区三区不卡在线 | 韩国在线精品福利视频在线观看 | 成人偷拍视频 | 男人都懂的网址在线看片 | 香焦视频在线观看黄 | 一级看片免费视频 | 乱系列中文字幕在线视频 | 日韩国产欧美在线观看一区二区 | 欧美九九视频 | 九一色视频 | 2022国产精品网站在线播放 | 91欧美一区二区三区综合在线 | 久久久久琪琪精品色 | 精品久久久久久亚洲 | 鸥美毛片 | 亚洲精品一二区 | 中文字幕1区 | 美女一级ba大片免色野外 | 欧美日韩久久 | 亚洲三级免费观看 | 精品欧美一区二区三区免费观看 | 五月色一区二区亚洲小说 | 大陆老头xxxxxhd | 国产在线观看一区二区三区 | 91情侣在线偷精品国产 | 美女又黄又免费 | 91青草久久久久久清纯 | 狼人久久尹人香蕉尹人 | 欧美视频一区二区三区精品 | 99re最新这里只有精品 | 久久精品国产精品亚洲毛片 | 亚洲国产成人久久综合一区77 | 欧美久久久久久久一区二区三区 |