www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Nasdaq Dubai seeks Chinese bond listings

(Bloomberg) Updated: 2014-09-26 08:22

Nasdaq Dubai is hoping to lure more bond listings from China, said the Gulf Cooperation Council's second-biggest trading partner after the bourse signed its first deal earlier this month with the emirate.

The exchange is in talks with several unidentified Chinese companies, including banks, about listing securities, Chief Executive Officer Hamed Ali said in an interview this week.

The value of bonds on Nasdaq Dubai almost doubled this year to $26 billion, according to a spokesman for the exchange.

Ali is pushing to add fixed income securities from China as the Nasdaq Dubai - set up nine years ago to be regulated to international standards and to mainly serve institutional investors - has struggled to attract equity listings amid low volumes.

Nasdaq Dubai seeks Chinese bond listings
China's ABC lists one billion RMB bond at NASDAQ Dubai

Nasdaq Dubai seeks Chinese bond listings
Trade growth is Dubai's new 'desert miracle'

Trade between China and the GCC jumped 7 percent to $171 billion last year, with bond issuance in the world's most populous nation more than 20 times larger than in the Gulf this year, according to data compiled by Bloomberg.

"It's certainly a great idea" as it would diversify and add weight to the market, Apostolos Bantis, a credit analyst at Commerzbank AG, said by phone from Dubai on Tuesday. "I wouldn't expect that Dubai will become a major hub for Chinese issuers, but it would manage to grab some share."

Chinese companies are boosting business in the six-nation bloc, which includes the United Arab Emirates and Saudi Arabia.

Agricultural Bank of China Ltd's 1 billion yuan ($163 million) bond this month became the first Chinese debt to be listed on the Nasdaq Dubai.

Two Dubai-based banks are helping a leasing unit of Industrial & Commercial Bank of China Ltd raise a $300 million loan in the Middle East, three people familiar with the matter said on Wednesday.

"Some of the banks may want to begin lending in the Middle East, and a listing will help investors get familiar with them," Deepti S M, a credit analyst at SJS Markets Ltd in Bangalore, India, said by phone. "There are many investment-grade Chinese companies listed in Hong Kong that may also want to tap the deep pool of Islamic liquidity in the Middle East," she said.

Nasdaq Dubai plans to hold meetings with prospective issuers from China later this year or early in 2015 and will discuss cross-listings as well as capital-raising opportunities, Ali said on Sunday.

There are currently about 40 bonds listed on the exchange, compared with 375 non-government bonds on the Borsa Istanbul in Turkey, according to data on the bourses' websites.

"We're very positive about the prospects of further listings from China, building on our success in attracting the ABC bond and Hong Kong's first sukuk," Ali said, referring to the Islamic equivalent of bonds in an e-mail from Dubai on Wednesday.

"Chinese companies, as well as those elsewhere in Asia, see the value of building links with a highly liquid and dynamic part of the world where trade and business links are increasing."

ICBC said in February it will consider acquisitions in the Middle East as part of its plans to boost earnings from the region by 50 percent this year.

The People's Bank of China and the central bank of the UAE entered a 35 billion yuan or 20 billion dirham ($5.4 billion) currency swap agreement, sources said.

"If trade transactions are increasingly dominated by the renminbi, then the Chinese banks may want to be part of it," Deepti at SJS Markets said.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 毛片免费在线视频 | 亚洲精品久久九九精品 | 天天噜夜夜操 | 日韩精品午夜视频一区二区三区 | 国产在线精品一区免费香蕉 | 一级特级aaaa毛片免费观看 | 免费欧美黄色 | 国产性做久久久久久 | 在线日韩三级 | 韩日一级 | 亚洲欧美视屏 | 亚洲在线视频免费观看 | 亚洲一级毛片中文字幕 | 九九综合九九综合 | 91亚洲精品一区二区在线观看 | 中国一级淫片aaa毛片毛片 | 午夜在线亚洲 | 国产视频成人 | 在线视频亚洲 | 久久亚洲一级毛片 | 看毛片的网址 | 日韩欧美一级毛片视频免费 | 手机在线视频一区 | 九九色在线视频 | 2019天天操天天干天天透 | 亚洲久久久久 | 美女黄视频在线观看 | 国产在线一区二区三区欧美 | 日本高清在线精品一区二区三区 | 老司机成人免费精品视频 | 成人免费观看永久24小时 | 亚洲成a人片在线v观看 | 成年女人毛片免费播放人 | 泰国一级毛片aaa下面毛多 | 成人久久久久 | 日本一区二区三区不卡视频中文字幕 | 性欧美精品 | 337p粉嫩大胆噜噜噜鲁 | 成人亚洲欧美日韩在线 | 成人久久18免费网站 | 免费韩国美女爽快一级毛片 |