HSBC’s 4.5 billion yuan panda bond to boost globalisation of Chinese currency

Quick Summary:

The bond, which pays an annual coupon of 2.15 per cent, also reinforces Hong Kong’s role as the world’s offshore yuan centre, bank says.

Pedestrians seen outside HSBC’s branch in Tsim Sha Tsui in October 2024.

Previously, offshore companies needed the State Administration of Foreign Exchange’s approval.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Panda Pays Hsbc’s Annual Hsbc Offshore Yuan Billion Issued Coupon Bond

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 10:07:29 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 276 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23563255

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