2011, with the World Bank on January 14 will be the first issuance of renminbi bonds in RMB-denominated products listed in Hong Kong is speeding up.
February yuan as promissory notes, March eIPO (E-White Form) subscription is about to take place, and the Hong Kong Exchange and Clearing Participants with the completion of the IPO in Hong Kong Renminbi denominated final stages. This will be the expansion of the Hong Kong offshore yuan market depth and breadth of the milestone.
years ago, part of the shares is expected to soar! Confidential! Market institutions will soon be reversed capital flows have changed dramatically! Main layout
money is plotting a new richest man in the crab
Cheung Kong is HKEx ready to issue RMB-denominated first real estate investment trusts. Li Ka-shing, the richest top perennial entrenched in Hong Kong real estate tycoon plans to spin off its real estate projects in the mainland part of the first one to win yuan IPO.
According to media reports, Cheung Kong has submitted two applications for regulatory authorities, are pending. The BOC also after following the CITIC Securities and HSBC to become the third co-lead underwriters.
this time, the market seems to have tempted sprint forward.
HKEx aspects interview that the HKEx's systems have been ready, ready to support the RMB-denominated products, trading and settlement activities. The Third Generation Automatic Order Matching and Execution System, and central clearing systems possess multi-currency capabilities, as treatment can be dollars or dollar-denominated products like dealing with renminbi products trading and settlement. In addition, the Institute's In fact, there are already trading and settlement in RMB bonds in the the market.
Lin, general manager of Fulbright Securities in Hong Kong often read that last November, the company under the coordination of the HKEx has conducted a test of RMB trading platform, . He was referring to checks and promissory notes of RMB in Hong Kong use. In accordance with trading rules, payment must be received by cashier order or check payment.
present, the RMB checks due to restrictions on the transfer of funds and makes small users in Hong Kong. The cashier will be RMB digestion all of the above obstacles, so that small investors a simple and convenient. Hong Kong Monetary Authority, said recently that two months will be the first to launch RMB bank cashier business. This is the yuan IPO prerequisite to make the trip.
addition, eIPO (electronic white form) means the subscription later this month will also be tested with all relevant parties and will ultimately make the trip in March.
Obviously, the final trip yuan IPO, the need to deal with In this regard, the Hong Kong Stock Exchange response to this newspaper said: Exchange Participants issued a circular to prepare the related business. Since then, the HKEx September 18, 2010 RMB products are also carried out a simulated trading.
However, some respondents said the market yuan IPO transaction involving many parties, has been carried out simulation tests did not cover the full. While securities firms are even worried that
traditional IPO's wait and see
China Merchants Securities (Hong Kong) managing director of investment banking warm days satisfied that while the listed property trust fund is also an IPO, but there are still the traditional distinction between corporate IPO, this experimental Financing will be in the first and second quarter, but will not overheat. In his view, the broker, the more hope of winning the
However, according to investment banking sources, the current IPO Mainland customers enthusiasm for the yuan is increasing. He said, Go to Hong Kong listed H shares to consider.
for mainland enterprises listing and financing, H shares listed on the Hong Kong market, although the public will benefit from a comprehensive monitoring system, but the biggest concern comes from exchange rate risk. In addition, the financial market in Hong Kong's foreign currency funds may not be able to return to the mainland in a short time.
take place if the yuan IPO, with the return to perfect the mechanism, all will be solved. Nevertheless, in theory, but they are more willing to choose to wait and see - Hong Kong's current RMB Hong Kong Monetary Authority to the latest data show that RMB deposits, as of the end of November 2010, 280 billion yuan deposits relative to the previous year has increased by nearly 4-fold. According to statistics, the 2010 issue RMB bonds in Hong Kong, more than 200 million.
Chinese University of Hong Kong Institute for Monetary Research Dr. Song Min and Standard Chartered Bank (Hong Kong) Asia Kwan, Chief Economist, said the current RMB yuan IPO stock is not sufficient to support the release.
IPO investments will flow to the RMB will not be many, warm days is satisfied that the RMB yuan deposits into the IPO market, He predicted He roughly estimated that Hong Kong or in 2015 or earlier, to reach this level, but it should depend on opening up the pace of yuan.
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