Planner approves bonds issue
By Feng Jianmin |
January 12, 2012, Thursday
|
Print Edition
Print Edition
CHINA'S top planner, the National Development and Reform Commission, has allowed 10 financial institutions to issue yuan bonds in Hong Kong to raise a combined 25 billion yuan (US$3.95 billion).
The Chinese mainland subsidiaries of HSBC and Bank of East Asia, China's five largest state-owned banks and the country's three policy banks including China Development Bank have won the go-ahead, the planner said yesterday.
Liu Jie, a strategist with HSBC told Reuters it was the first time the authority had publicized the amount and issuers of the bonds, and this would help market transparency.
The Chinese mainland subsidiaries of HSBC and Bank of East Asia, China's five largest state-owned banks and the country's three policy banks including China Development Bank have won the go-ahead, the planner said yesterday.
Liu Jie, a strategist with HSBC told Reuters it was the first time the authority had publicized the amount and issuers of the bonds, and this would help market transparency.
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