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ArtikelRedback and Forth; China's Currency  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8747 (Aug. 2011), page 61-62.
Topik: International; Bond Issues; Government Bonds; Currencies; Economic Planning
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.67
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelThe helicopter buzzed to and fro, hour after hour, high above Hong Kong's shining harbour and glistening skyscrapers, a bright red advertising banner trailing behind. What unmissable opportunity was it selling? Government bonds, that's what, yielding as little as 0.6%. The bonds were issued on August 17th by China's Ministry of Finance in its own currency, the yuan. That would not normally be a banner-waving event. But what made this sale notable was its size--20 billion yuan ($3.1 billion)--and its buyers: offshore investors in Hong Kong. It represents by far the biggest issue of dim sum bonds, securities denominated in the currency of mainland China, but sold in Hong Kong.
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