Related News
HSBC introduces US mutual fund focusing on yuan assets
By Hu Xiaocen |
June 14, 2012, Thursday
|
Online Edition
Online Edition
HSBC Holdings Plc launched a mutual fund in the United States that invests in yuan-denominated fixed income products including bonds and deposits in offshore yuan markets, to provide American investors with more investment opportunities.
The London-based lender said yesterday in a statement the expansion of the offshore yuan market has attracted more overseas markets to invest in offshore yuan products. The fund will provide US investors the opportunity to invest in dim sum bonds, a yuan bond sold in Hong Kong, and thus benefit from potential yuan appreciation.
"The yuan has been more actively used in global trade in the past three years. According to trade data in the first quarter, 8 percent of China's international trade is settled in yuan. Given competitive yields and long-term potential in yuan appreciation, yuan-denominated bonds in offshore markets are compelling. The internationalization of the currency will be an important theme for many years in the future," the lender said.
The London-based lender said yesterday in a statement the expansion of the offshore yuan market has attracted more overseas markets to invest in offshore yuan products. The fund will provide US investors the opportunity to invest in dim sum bonds, a yuan bond sold in Hong Kong, and thus benefit from potential yuan appreciation.
"The yuan has been more actively used in global trade in the past three years. According to trade data in the first quarter, 8 percent of China's international trade is settled in yuan. Given competitive yields and long-term potential in yuan appreciation, yuan-denominated bonds in offshore markets are compelling. The internationalization of the currency will be an important theme for many years in the future," the lender said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
