It was known from HSBC (China) that the HSBC (China) Bank was approved by the Central Bank of China to be one of the first foreign corporate banks in mainland to issue yuan-dominated bonds in Hong Kong. In addition, according to the news, Bank of East Asia was among the first foreign corporate banks to issue debts.
Richard Yorke, president and CEO of HSBC Bank (China), said yesterday that the issuance of yuan-denominated bonds of HSBC (China) could establish a representative price reference for foreign banks that required financing and it also contribute to the development of offshore yuan market in Hong Kong. HSBC also said the details, such as the amount of yuan-denominated bonds and the investors and issuance schedule, still needed follow-up negotiations with the Central Bank of China. |
