China to issue 3b-yuan govt bonds in London
Updated: 2016-05-24 10:24
(Xinhua)
|
|||||||||
A clerk counts Chinese 100 yuan banknotes at a branch of a foreign bank in Beijing Jan 4, 2016. [Photo/Agencies] |
The yuan-denominated bonds will be traded on the London Stock Exchange, the ministry said in a statement.
The Bank of China (UK) Ltd and British bank HSBC will be the global coordinators for the issuance, according to the statement.
China and Britain have seen closer cooperation in promoting the global use of the yuan, or renminbi, in recent years.
The UK was the first Western country to issue yuan-denominated sovereign bond and the first major developed country to include the yuan into its foreign exchange reserves.
China's central bank issued 5 billion yuan of renminbi-denominated notes in London last year, the first offshore issuance of such debts outside China.
Related Stories
Hungary issues govt bonds in renminbi 2016-04-15 11:19
Hungary's central bank invests in Chinese govt bonds 2015-05-29 13:24
Japan to buy $10.3b in Chinese govt bonds 2012-03-14 07:53
Today's Top News
Alibaba expands in Belgium amid protectionism
Eiffel Tower to become rental apartment for first time
Wreckage of crashed EgyptAir plane found at sea
Still learning
EgyptAir denies finding wreckage of missing flight
China urges US to halt close surveillance
Debris found in sea in search for missing MS804
LinkedIn matches refugees with jobs
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Obesity time bomb keeps ticking |
Designs on the future |
Fan of the opera |
Eggs 101 the Chinese way |
Internet sovereignty and intellectuals |
CEO says Apple to help China's apps go global |