China Development Bank to offer Yuan-dominated bonds in Taiwan

08:35, December 10, 2010      

Email | Print | Subscribe | Comments | Forum 

China Development Bank, the mainland's policy bank, says it hopes to offer Yuan-dominated bonds in Taiwan if conditions are right.

At a high-level financial symposium held Wednesday in Beijing, delegations from the Chinese mainland and Taiwan discussed further collaboration. Yin Hang has the story.

Chen Yuan, chairman of the China Development Bank says the bank has forged close ties with companies from Taiwan. Since October, the bank has lent over 42 billion yuan in loans to Taiwan companies, helping them solve financing difficulties in the mainland.

Chen also expects to explore a yuan-dominated bonds business in Taiwan.

Chen said, "We're expecting to issue yuan-dominated bonds, as the Renminbi business gradually expands. It will be conducive to realize further financial cooperation between the two sides."

China Development Bank, the mainland's second-largest bond issuer after the Ministry of Finance, may also set up a representative office in Taiwan and will look into cooperating with Taiwan banks on yuan clearing and currency exchange.

Economic ties between the mainland and Taiwan have become increasingly close as the Economic Cooperation Framework Agreement, or ECFA, took effect in September. Taiwan authorities say its exports to the mainland and Hong Kong reached a record 1.4 billion US dollars during the first 11 months of this year, making up nearly 42 percent of its total export value.



Source: CNTV.cn

(Editor:李佳)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese President Hu Jintao (C, front) and other members of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee, including Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang and Zhou Yongkang, walk towards the Monument to the People's Heroes in Tian'anmen Square of Beijing, capital of China, Oct. 1, 2011. China's top leaders laid flower baskets at the monument on Saturday morning to mark the 62th anniversary of the country's founding. (Xinhua/Li Tao)
  • Five-month-old twin girls, An An (left) and Xin Xin, meaning safe and relieved in Chinese and carrying the good wishes of their parents, leave a Shanghai hospital yesterday, less than four weeks after a September 5 surgery to separate the conjoined twins from Zhejiang Province. They were born connected at the liver, chest bone and heart sac, the covering around the heart. Though they shared one liver and used one pericardium, they have their own hearts.
  • Models present cheongsams designed by Chen Yanqin during a fashion show in Yantai, east China's Shandong Province, Sept. 30, 2011. More than 100 creations of cheongsams, a traditional Chinese women's dress also known as mandarin gown or Qipao, were displayed here Friday. (Xinhua/Li Mingfang)
  • Citizens watch fireworks exploding over the Jingtian Lake during a music firework show in Shanghai, east China, Sept. 30, 2011, on the eve of the National Day. (Xinhua/Pei Xin)
  • A member of the media takes a look at a Bluecar, an electric-powered car made by French company Bollore, at a media presentation in Vaucresson, west of Paris, yesterday. The Bluecars have a range of 250 kilometers in urban use and a maximum speed of 130km per hour, and will be available to rent in the streets of Paris under the name of Autolib. The four-seater Bluecars will be positioned at 1,200 stations in the French capital, where customers can pick them up and drop them off, and will be available around the clock. Users must have a valid driver's license and pay a subscription fee to borrow one of the vehicles.
  • Tourists watch a performance about an ancient court trial. (Photo/Xinhua)
Hot Forum Discussion