InfoAnda - Beijing selling 1st yuan bonds in Hong Kong

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China condemned for denying visa to HIV+ writer | 12 March 2010
Peace negotiators urge change of attitude on Hamas | 26 February 2009
YouTube expands 'unlisted videos' feature | 13 May 2010

Iraqi president in hospital after suffering stroke | | 18 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : Beijing selling 1st yuan bonds in Hong Kong

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Beijing selling 1st yuan bonds in Hong Kong By JOE McDONALD,AP Business Writer - Monday, September 28 Send IM Story Print BEIJING – The first sale in Hong Kong of Chinese government bonds denominated in the mainland's yuan began Monday, adding to Beijing's gradual campaign to expand the use abroad of its tightly controlled currency. Banks took applications from the public for a portion of the 6 billion yuan ($875 million) issue. There was no immediate indication whether investor demand was strong. The bonds are to be issued Oct. 27. The yuan, also known as the renminbi, or people's money, does not trade on global markets. But Beijing has approved its use in trade between Hong Kong and some mainland cities and has signed a currency swap deal with Argentina and agreements to lend yuan to four other nations in emergencies. The bond sale "will help the renminbi become an international currency, but the impact will not be huge," said Zuo Xiaolei, chief economist of Galaxy Securities Ltd. in Beijing. Hong Kong is Chinese territory but has its own currency and regulatory system and often is used by Chinese companies to deal with foreign investors. A few mainland institutions, including state-owned China Construction Bank Ltd. and Bank of China Ltd., have issued yuan-denominated bonds in Hong Kong. Two-thirds of the issue is allocated to institutional investors, with the rest going to the public. But the portion for small investors might be increased if demand is strong, said Dai Ying, general manager of global markets for Bank of China Ltd.'s Hong Kong branch, one of two state-owned banks that are leading the sale. Hong Kong leaders want to develop the territory as a center for non-mainland trading of the yuan. They hope the business will boost finance industries that have been battered by the global economic crisis. "This will help build a foundation and accumulate experience for China's launching of more yuan-denominated financial products abroad," Henry Tang, Hong Kong's chief secretary for administration, said at a launch ceremony in Hong Kong. Premier Wen Jiabao, the mainland's top economic official, has promised to strengthen trade and finance links with Hong Kong. "Hong Kong is an international market and has advantages in information and communication, so it is the best place for the issuance of renminbi bonds," said Zuo of Galaxy Securities. "It also offers an opportunity for Hong Kong to become an offshore renminbi center and will promote Hong Kong's internationalization." Two banks _ London-based HSBC Holdings and Hong Kong-based Bank of East Asia _ said in May they had become the first non-mainland companies approved to sell yuan bonds. The bond sale "has deep implications for the renminbi's internationalization," said a deputy Chinese finance minister, Li Yong, at the Hong Kong ceremony. ___ Associated Press Writer Min Lee in Hong Kong and researcher Yu Bing in Beijing contributed to this report. ___ On the Net: Chinese Finance Ministry (in Chinese, with English link): http://www.mof.gov.cn Recommend Send IM Story Print Related Articles Bombardier venture awarded Chinese contract AP - 2 hours 10 minutes ago UK extends vehicle scrappage scheme Reuters - 2 hours 15 minutes ago Injured Stanford back in Conroe lockup after fight AP - 2 hours 24 minutes ago Xerox to buy Affiliated Computer for $6.4 billion Reuters - 2 hours 32 minutes ago Oman's Sohar Port signs $200 mln project loan Reuters - 2 hours 32 minutes ago News Search Top Stories Yen hits eight-month dollar peak Frankfurt stocks rise after Merkel win Madoff family to be sued over missing billions Deripaska's company owes bank $432 mln Bonus-less Hungary sees plunging car sales More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Madoff family to be sued over missing billions Scientists make paralysed rats run again Deripaska's company owes bank $432 mln Bonus-less Hungary sees plunging car sales Gulf single currency should be phased: Kuwait More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Remains of Jesus-era synagogue found in Israel Nanoparticles could pose threat to humans: scientists Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Search Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 28 September 2009
Under pressure for nukes, Iran test fires missiles
Merkel wins, Germans opt for center-right coalition | International |
Iran state telecoms firm privatised in eight-bln-dollar deal
Four dead as Afghan minister survives bomb attack: police
Palestinians warn Israel after Jerusalem clash
India minister says had candid talks with Pakistani | International |
Colombian rebels say will free two of 24 hostages | International |
Iraqis make most of violence lull to wed in style
Yemen's Qaeda wing seeks donations in Saudi Arabia | International |
Iran vows to stick with low-level nuclear enrichment
Chavez proposes Africa-South America mining firm | International |
China to display upgraded missiles in Oct 1 parade | International |
US says climate bill might not pass in time
Florida man severely burned during fight
Top Afghan official threatens to quit after attack
Study says China quake a once in 4,000 years event
What's true cost of a Starbucks latte, author asks
Volunteers key to success of Thai vaccine trials
Searching for the 'real' America, political-style
China to display upgraded missiles in October 1 parade
Ben & Jerry's, GE work on greener freezers for US
Here come the brides: Polygamy club woos Malaysia
US deadline to close Guantanamo 'tough': Gates
Tight security at Julia Roberts film set in India
Pakistan blasts show Taliban's ability to strike
Gates shows no signs of leaving Pentagon
Buddhists: Police, mob force monks from monastery
US diplomat to press for NKorea talks
Bill Clinton: No thoughts of public office return
More school: Obama would curtail summer vacation
US-ENTERTAINMENT Summary
Movie-maker Polanski arrested in Switzerland
Bardot's legacy on display as she set to turn 75
India's new galleries look to beat recession blues
Lyric Opera opens season with glowing "Tosca"
Swiss arrest Polanski on US request in sex case
Cloudy retains box office lead with Surrogates in second | Entertainment |
Bardot's legacy on display as she set to turn 75 | Entertainment |
Iran test-fires middle-range missiles: report
China Unicom to buy back stake from SK Telecom
Germany's Merkel looks to rocky new term
Merkel aims for quick coalition deal with FDP | International |
Madoff family to be sued over missing billions
German officials to probe Twitter election leaks
Deripaska's company owes bank $432 mln
Bonus-less Hungary sees plunging car sales
U.S. commander offers troop options for Afghanistan | International |
Xinjiang authorities ban online separatist talk: state media
Gulf single currency should be phased: Kuwait
Iran test-fires Shahab 3 missile: state TV | International |
Qaeda's Zawahri praises slain figure in new message | International |
Iraq frees detainees linked to British hostages
Honduras vows to close Brazil embassy, cracks down | International |
Asylum influx a fresh threat to Australia PM Rudd | International |
Chinese PM to visit North Korea amid nuclear standoff | International |
U.S. commander offers troop options for Afghanistan
Mobile usage a rare highlight in music biz | Technology |
Jack Black and Ozzy Osbourne star in metal video game | Technology |
More than half million kids get bad drug reactions
China PM to visit NKorea from Oct 4-6: state media
Unicom to sell iPhones in China from October | Technology |
Out of fields, into class for migrant kids
Gates: Mistake to set Afghan withdrawal timelines
Philippines cannot cope with flood disaster: govt
General complains about US bureaucracy
China-Japan-SKorea to discuss NKorea, wider ties
Dollar falls below 89 yen to eight-month low
Polanski's lawyers vow to fight Switzerland detention
Pakistan, India end talks without breakthrough
Meeting US deadline to close Guantanamo 'tough': Gates
Oil spill shutters part of Houston Ship Channel
US seeks 'unified' call on NKorea nuclear talks: envoy
Mexican taco cart wins NYC's street vendor award
Yen jumps to 9-month high after Fujii comments
Korea Hot Stocks
SKorea plans budget boost to bolster growth
Pacific islands seek "outdated" fish pact change
Hong Kong financial secretary suffers heart attack
Taiwan dollar down on funds, exporters support
Seoul shares fall;Samsung Imaging up on merger hope
S.Korea proposes smaller 2010 budget plan
China celebrates 60th birthday, Hollywood style
IMF study gives high marks to its crisis support
South Korea proposes smaller 2010 budget vs 2009
Filmmaker Roman Polanski's arrest to spark extradition fight | Entertainment |
Cloudy again leads struggling box office | Entertainment |
Harrelson, Murray bring flair to Zombieland | Entertainment |
Trauma stands out among new fall TV shows | Entertainment |
USA confirms mass Criminal Intent departures | Entertainment |
The Hole a 3D horror movie with a lesson | Entertainment |
Khloe Kardashian and Lamar Odom get married
Jack Black and Ozzy Osbourne star in metal video game | Entertainment |
Mobile usage a rare highlight in music biz | Entertainment |
Will cable roughhousing extract a price?
Paranormal Activity has cult potential | Entertainment |
'Joneses' director keeps up with marketing tactics
"Trauma" stands out among new fall TV shows
Harrelson, Murray bring flair to 'Zombieland'
Bardot makes birthday plea to Loren to give up fur
China celebrates 60th birthday, Hollywood style
Polanski's arrest could be his path to freedom
Jackson sneak peek screenings sell out in 2 hours
Yen hits eight-month dollar peak
China Unicom to launch iPhone in October
Iraq roadside bomb kills six after striking minibus
Frankfurt stocks rise after Merkel win
Iran test-fires missiles ahead of major talks
Unicom to sell Apple iPhones in China from October
Defiant Iran test-fires long-range missiles
NATO believes Karzai will win vote: report
Iran test-fires long-range missile: Press TV
Manila hit over aid delay after storm kills 140 | International |
Iran denies atomic plant violates international law
Polls cast pall over Britain's ruling Labor | International |
Iraq bomb attacks end Ramadan lull | International |
Pakistani tribal leader among 5 dead in blast | International |
Battle for key farm vote rages ahead of Greek poll | International |
Pope says fall of communism proved man needs God | International |
Malaysia religious court orders caning for woman | International |
Apple passes 2 billion app downloads | Technology |
No malfunction before SC medical helicopter crash
Australian parents jailed for death of their baby
NKorea's new constitution mentions human rights
Opera urges EU exec not to rush Microsoft case | Technology |
Court-martial in NC soldier's death to begin
Latinos bank on bilingual census form to aid count
Richest village in China a capitalist commune
A glance at moose populations in selected states
Massive flooding leaves 140 dead in Philippines
EU seeks to turn down MP3s music player volumes | Technology |
Afghan gov't: Insurgents kill 12 civilians
Singer: Slayings off limits to horrorcore rappers
Filipino actor saves real-life damsel in distress
People playing the odds on health care over costs
AP NewsAlert
Snowe is the woman with clout on health care
China confirms Premier Wen to visit North Korea
Myanmar's Suu Kyi seeks to meet Western diplomats
Pakistani stocks end 2.6 pct lower; rupee firms
Yen jumps to 9-month high amid Fujii comments
FACTBOX-Pakistan's economy and monetary policy
FACTBOX-Five risks to watch in Pakistan
S.Korea to cut commission, fee rates on fund sales
Japan stocks tumble as yen surges versus dollar
Beijing selling 1st yuan bonds in Hong Kong
China approves building of coastal nuclear plant
Japan plans to let women keep maiden names
Polanski to fight extradition after Zurich arrest
Polanski to fight extradition after Zurich arrest | Entertainment |
USA confirms mass "Criminal Intent" departures
Jack Black and Ozzy Osbourne star in metal video game
Mobile usage a rare highlight in music biz
"Paranormal Activity" has cult potential
"The Hole" a 3D horror movie with a lesson
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01