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China's Sovereign Yuan Bond Listed in London
2016-06-08 18:31:21 CRIENGLISH.com Web Editor: Meng Xue
A government bond issued by China's Ministry of Finance worth 3 billion yuan, or about 457 million U.S. dollars, has been listed to be traded on the London Stock Exchange.
The yuan-denominated sovereign bond, issued in London late last month, was the first of its kind outside China.
Vice Finance Minister Shi Yaobin says the successful issuance of the bond shows that global investors are confident about China's economy.
China and Britain have seen closer financial cooperation, especially in promoting the global use of the yuan, in recent years.
The UK was the first Western country to issue yuan-denominated sovereign bonds and the first major developed country to include the yuan into its foreign exchange reserves.
China's central bank issued 5 billion yuan of RMB-denominated notes in London last year, the first offshore issuance of such debts outside China.
http://english.cri.cn/12394/2016/06/08/4081s930228.htm
2016-06-08 18:31:21 CRIENGLISH.com Web Editor: Meng Xue
A government bond issued by China's Ministry of Finance worth 3 billion yuan, or about 457 million U.S. dollars, has been listed to be traded on the London Stock Exchange.
The yuan-denominated sovereign bond, issued in London late last month, was the first of its kind outside China.
Vice Finance Minister Shi Yaobin says the successful issuance of the bond shows that global investors are confident about China's economy.
China and Britain have seen closer financial cooperation, especially in promoting the global use of the yuan, in recent years.
The UK was the first Western country to issue yuan-denominated sovereign bonds and the first major developed country to include the yuan into its foreign exchange reserves.
China's central bank issued 5 billion yuan of RMB-denominated notes in London last year, the first offshore issuance of such debts outside China.
http://english.cri.cn/12394/2016/06/08/4081s930228.htm
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