China and HK in landmark bond issuance
Monday 22 November 2010 - by Andrew Hickley
China and Hong Kong have signed a memorandum of cooperation allowing for the first ever tendering and issuance of renminbi sovereign bonds on the central moneymarkets unit operated by Hong Kong.
Chief Executive of the HKMA Norman Chan welcomed the move, believing it will "enhance the environment" for further issuance of renminbi sovereign bonds.
Chan said: "The signing of the Memorandum by the MoF and the HKMA on using the CMU to conduct tendering for the issuance of the renminbi sovereign bonds marks a milestone of the strengthening of financial co-operation between the Mainland and Hong Kong."
|Login||Register||Most read||Most commented|
Will markets in 2012 have a tougher time than 2011?