Jan 12 - Ten Banks to Issue Dim Sum Bonds in HK

Source: NDRC, ChinaScope Financial (Data)

+  In January 2012, China’s National Development and Reform Commission (NDRC) approved the application of ten banks to issue dim sum bonds totaling CNY 25 billion in Hong Kong.

+  These ten banks are China Development Bank, The Export-Import Bank of China, Agricultural Development Bank of China, Industrial and Commercial Bank of China Ltd. (SSE: 601398; HKEX: 1398), Agricultural Bank of China Ltd. (SSE: 601288; HKEX: 1288), Bank of China Ltd. (SSE: 601988; HKEX: 3988) China Construction Bank Co. (SSE: 601939; HKEX: 0939), Bank of Communications Co., Ltd. (SSE: 601328; HKEX: 3328), The Bank of East Asia (China) Ltd., and HSBC Bank (China) Co., Ltd.

+  Related Data: RMB Bonds, RMB Deposits

The steady growth of Dim Sum bonds are supported by the high level of RMB deposits in Hong Kong.

For more data on other financials, please visit www.chinascopefinancial.com

Other News Headlines

• PPI Continues its Steep Decline, CPI Only Marginally Lower in December
• Ten Banks to Issue Dim Sum Bonds in HK
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• Poly Real Estate: Average Sale Prices Fell 25% YoY to CNY 10,818 per Square Meter in December
• Stock of Grade A Office Buildings in Guangzhou Exceeds 2.37 Million Square Meters

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