Listing of China Bonds Helps to Deepen HK Debt Market
Chief Executive of the Hong Kong Special Administrative Region (SAR) Tung Chee Hwa said on January 18 that the listing of China bonds in Hong Kong represented a big step forward for the local debt market.
He made the remarks during a meeting with China's Minister of Finance Xiang Huaicheng, who came to attend the signing ceremony for the listing of China bonds on the Hong Kong Stock Exchange. The Ministry of Finance of the People's Republic of China had successfully issued US$1 billion global bonds in December 1998.
"The listing here of the bonds also enhanced Hong Kong's role as China's fund raising center," said the Chief Executive.
Tung and Xiang also exchanged views on the global and regional economic development and recent performance of the international financial market.
Before he met Tung, the finance minister paid a visit to the Stock Exchange of Hong Kong on Monday morning.
HomeNews 1999-01-19 Page4
Full Story in Chinese
|