Hong Kong and mainland China are launching a long-awaited cross-border bond trading platform that further widens access to China's financial markets for global investors.
"It will provide a new channel for Hong Kong and worldwide investors to invest in mainland China's bond market, which is the third-largest in the world and much undersold to global investors at the moment", said Benjamin Hung, chief executive for Greater China & North Asia at Standard Chartered.
"Bond connect will facilitate investors' participation in the bond markets, improve the connectivity between market infrastructures and promote the healthy development of the bond markets, thereby enhancing Hong Kong's status as an worldwide financial centre and the global offshore renminbi business hub", Paul Chan, Hong Kong's financial secretary said in another statement.
Benjamin Hung, CEO for Greater China & North Asia at Standard Chartered, said the "Bond Connect" would boost Hong Kong's role as a gateway between foreign investors and the Chinese market.
No formal launch date was given.
On Wednesday, a person closely involved in the discussions said authorities now wanted the first trade in July.
Barcelona vs. Las Palmas live stream
We wanted to have a good dynamic in the final stretch of the season, we can not lose any games and we are on the right track. They drew home and away against Madrid this season, and Barca managed only a narrow 2-1 win in Gran Canaria a year ago .
"Bond Connect will facilitate investors' participation in the bond markets, improve the connectivity between market infrastructures and promote the healthy development of the bond markets, thereby enhancing Hong Kong's status as an worldwide financial centre and the global offshore Renminbi business hub".
Overseas investors have been reluctant to enter the market amid fears over the stability of the Chinese yuan, which fell nearly 7 percent previous year. This is because investors would be able to buy Chinese bonds through their existing dealers in Hong Kong without having to go through the hassle of setting up dealing accounts on the mainland, he said.
Mainland Chinese firms have doubled their presence in Central in less than a decade, taking up 21 per cent of all floor space leased in the Central Grade A office market in early 2016, compared to 10 per cent in 2009, according to real estate services firm JLL.
A spokesperson of the HKMA said, "As Asia's premier asset management and risk management centre, Hong Kong has always been the gateway for worldwide asset managers and owners to invest in the Mainland and manage the attendant risks". I am grateful to the Central People's Government and relevant authorities for their support of the launch of Bond Connect.
The program "is conducive to the consolidation and enhancement of Hong Kong's status as an global financial center, to the steady and progressive opening-up of the mainland financial markets, to the diversification of investment channels for overseas investors and to the long-term prosperity and stability of Hong Kong", the HKMA and PBOC statement said.
It's being reported that he suffered severe head and chest trauma after being struck by a auto near Rimini, Italy. The medical teams are working hard, and we will provide updates as soon as they are available....
The President will meet with Palestinian President Abbas in Bethlehem and with Israeli Prime Minister Netanyahu in Jerusalem . The row erupted a few days before the first official visit of US President Donald Trump to the region, Xinhua reported .
Kim's regime says it aims to field a nuclear-tipped intercontinental ballistic missile (ICBM) capable of reaching the US mainland. North Korea has also launched satellites into orbit on long-range rockets that share some of the same technology as missiles.
Trump will also visit Israel and the Vatican, and later on Brussels and Sicily for a North Atlantic Treaty Organisation summit. By contrast, "we don't get criticized about the war in Yemen " by the Trump administration, the senior Saudi official said.
According to the Times , Comey wrote in the February memo that Trump told him Flynn had done nothing wrong. "He is a good guy". Flynn is a retired general who became a prominent Trump supporter and surrogate during the campaign.
The High Revenue estimate is predicted as 9.97 Billion, while the Low Revenue Estimate prediction stands at 8.87 Billion. The Coca-Cola Company (KO ) 52 week low value is at $39.53 and its current distance from 52 week low value is 10.93%.
For boys, the top picks are Noah (which is the top boy's name four years running), Liam, William, Mason, and James. Perhaps this can be attributed to Kehlani Parrish, a singer/songwriter who was nominated for a Grammy in 2016.
Excerpts of the interview, taped Friday, were released just hours after a morning Twitter rant in which the erratic executive said he might cancel the White House daily press briefing and indicated the information his press office was providing to reporters wasn't necessarily true.
Immigration enforcement operations have generated headlines nationwide since Trump signed an executive order on January 25. Immigrant rights advocates challenge the notion that stricter immigration enforcement equals safer communities.
Today's case was heard by three judges who were all appointed by President Bill Clinton, so they could move relatively quickly. Watson found that the travel ban likely violated the constitution's Establishment Clause by discriminating against Muslims.
The coroner said, simply, "it was so much caffeine at the time of his death, that is caused his arrhythmia". Watts said Cripe was considered a healthy teenager and did not have an undiagnosed heart condition.
The second phase of a long-term plan to renovate and upgrade district schools will turn the attention to elementary schools. In 2016-17 the budget totaled $117.72 million and was supported by the collection of $76.62 million in local taxes.
This fight strengthens our resolve to rid #Afghanistan of these terrorists and bring peace and stability to this great country. The four-star general declared that "any ISIS member that comes to Afghanistan will meet the same fate".
For Bradley Zimmer , that first-career dinger came after a miserable 0-for-3, three strikeout debut so it was that much sweeter. Really nice numbers, but hardly mashing in a way that would make a general manager say "we have to get this kid up pronto!"
No major Western leaders attended, though Britain, France and Germany were represented by top finance officials. Romana, the Philippines will play a crucial role in the rolling out of the Belt and Road Initiative.
Any deal, however, would need agreement from the US sugar producers who brought an anti-dumping case against Mexican competitors. The U.S. sugar lobby wants Mexico to export less refined sugar and has become emboldened since Trump took office.
Once Kim dropped his three birdies putts, he was unrelenting, especially when he made par saves on six of the back-nine holes. Compatriot Sang Moon Bae - also a two-time victor on the PGA Tour - is now serving two years of mandatory military service.
The huge amount will contribute to the Silk Road Fund, which was set up in 2014 to finance infrastructure projects. What is China's new Silk Road? The China Development Bank has earmarked $890 billion for some 900 projects.
North Korea says Sunday's launch was of a new type of "medium long-range" ballistic rocket that can carry a heavy nuclear warhead. While North Korean's arsenal of missiles is becoming clearer, there is less certainty about how developed its nuclear program is.
Russian President Vladimir Putin said the missile test was "dangerous" but added that Pyongyang was being intimidated. Council diplomats say the US and China, the North's closest ally, have been working on a new sanctions resolution.
YANKEES KEY TRENDS: The Yankees have lost three straight but are still 20-8 in their last 28 games overall. Realmuto, Justin Bour and Derek Dietrich hit home runs for the Marlins, who have lost four straight.
" Saturday Night Live " has previously used kisses between Trump and his associates as a means of poking fun at the president. There was no way McCarthy wasn't going to mock Spicer for it, and she definitely delivers! "I'm famous, it's OK".
Arsene Wenger, a target of abuse for much of the season, was even greeted with rapturous applause as he walked toward the fans. Third-to-last Hull will join Sunderland and Middlesbrough in being relegated if it loses at Crystal Palace on Sunday.
Can Mladenovic make it three out of three? or will Halep resume normality? When the key moments came, Halep seems more prepared. From Madrid to Madrid , going through Bucarest and Montreal. "I can just be proud out there from both of us what we showed.