Performers sail near the area where ceremonies marking the 20th anniversary of the city's handover from British to Chinese rule
04 July, 2017, 00:25
China has opened up its onshore bond market to foreign investors with the launch of the bond connect scheme today. "Northbound" trade, which allows foreign investors to buy bonds issued on the Chinese mainland, started Monday, without caps on investment volume.
Southbound trading would be explored at a later stage, the new Bond Connect website said.
Ivan Chung, associate managing director at Moody's, said the program would boost yuan internationalization as it enlarges the pool of investable yuan-denominated assets for foreign investors. We will increasingly see Central Banks buying Chinese government bonds.
A giant screen at the launch ceremony showed 2.15 billion yuan worth of bonds were purchased in the first 22 minutes of trade.
The move is the latest in China's efforts to attract global investors to its vast government and corporate debt markets, the world's third-largest, with its outstanding bonds hitting over US$9 trillion in 2016.
As reported by the South China Morning Post, Yunho Song, Senior Advisor to the president of Ping An Securities, said: "In comparison with previous rules on foreign investors" investment in the Chinese bond market, Bond Connect has significantly abridged the procedures for foreign investors who cannot only "click' and enter the Chinese bond market but also purchase directly in foreign currencies".
Andy Murray aims to be fighting fit for Wimbledon defence On Thursday, Murray revealed he wouldn t play his second exhibition on Friday because he wanted to continue resting his hip. But Federer says Murray is experienced enough on grass to be able to quickly adapt to the unique demands on the surface.
Worldwide individual investors applauded the launch of Bond Connect, which heralds the next major phase in China's financial market liberalization. This is below the worldwide norm of about 10 percent, BNP Paribas said.
Deutsche Bank said it had executed its first two transactions leveraging the initiative, as did HSBC and BNP Paribas as market makers.
Bond Connect does away with onerous requirements for outsiders and eases worries about taking profits out of China, but downsides include worries about the depreciating yuan and reliability of China's domestic credit rating agencies.
"For foreign investors wishing to access the Chinese market, the Bond Connect would be a more attractive option than the current practice of accessing the interbank bond market, in terms of limits in quota, convenience in trading and criteria in clearing", said Zhang Dong, vice president of Ping An Securities, noting that he sees "an huge growth opportunity". China Development Bank said it planned to issue up to 20 billion yuan ($2.95 billion) of one-year, three-year and 10-year fixed-rate bonds for tender on Monday.
Standard Chartered was also mandated as Special Underwriter in China and a Joint Global Coordinator in Hong Kong for Agricultural Development Bank of China's 16 billion yuan bond issuance, the first primary offer out of the Bond Connect scheme.
But some automakers are having to raise discounts and sell more vehicles to rental auto companies to keep their sales numbers up. Finally, ValuEngine cut Ford Motor Company from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th.
This feature is now available in the stable version of WhatsApp and on all major platforms, including Android and iOS. This is to note that the update will make it to the Android ecosystem shortly after it is released for the iOS users.
That rare assault in the heart of the city, which remains under government control, was claimed by the Islamic State group. The UK-based Syrian Observatory for Human Rights reported that at least 9 people were killed, and 15 more injured.
He commented, 'Crude oil prices fell all the way back to their pre-production cut lows of November a year ago over the past month. Brent fell 0.1% to $48.71 a barrel on London's ICE Futures exchange in late morning trade in Europe.
The opinions expressed in this article are exclusively those of the author and are not necessarily those of World Religion News. Craig and Mullins were legally Wednesday in MA , because Colorado had not legalized same-sax marriage until 2014.
The win on Saturday moved them to 11 games above.500 for the first time this season and they've won four of their past five games. Betts, who also had an RBI single in the second inning, homered again in the sixth, this time a two-run shot, his 15th.
Since joining the Canadiens in the 2007-08 regular season, Price has recorded a wins-loss record of 270-175-55 in 509 games. It is also $2 million per year higher than the next highest paid goalie ( New York Rangers starter Henrik Lundqvist ).
If you try to purchase fireworks (other than sparklers), many stores and roadside stands will often ask you to sign a waiver form. For those looking to enjoy fireworks , the department advises that you stick with the professional events.
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