HKMA welcomes the first issuance of Renminbi bonds by a Mainland financial institution through the CMU

Press Releases

21 Dec 2011

HKMA welcomes the first issuance of Renminbi bonds by a Mainland financial institution through the CMU

The Hong Kong Monetary Authority (HKMA) welcomed the announcement by the China Development Bank (CDB) on its issuance of renminbi bonds in Hong Kong through the bond tendering platform of the Central Moneymarkets Unit (CMU) of the HKMA.  CDB will be the first Mainland financial institution to make use of the CMU platform to issue renminbi bonds following the inaugural issuances by the Ministry of Finance through the platform in December 2010 and August 2011.  It signifies a continual deepening of financial co-operation between the Mainland and Hong Kong, and widening of channel and enhancement of methodology and environment for the issuance of renminbi bonds in Hong Kong. 

“We look forward to seeing more issuers to make use of the CMU platform to issue renminbi bonds in the offshore renminbi market”, said an HKMA spokesperson.

The CMU is operated by the HKMA.  It serves as a platform for tendering, clearing and settlement of bonds.

 

Hong Kong Monetary Authority
21 December 2011

 

 

Latest Press Releases
Last revision date : 21 December 2011