China’s Exim Bank Prepares to Issue Renminbi Bonds in Hong Kong – People’s Daily

From People’s Daily:

The Import and Export Bank of China, known as Exim Bank, announced on Monday that its board of directors has given the bank a “go-ahead” to issue Renminbi on the Hong Kong market.

This makes the third bank in less than two months to consider issuing Renminbi bonds in Hong Kong.

The Exim Bank said it was fully prepared for the issuance but would not disclose specifics.

The Bank of China announced on May 28 that it plans to issue Renminbi bonds valued at no more than three billion yuan in Hong Kong. The plan, however, has to be approved by its shareholders on June 14, according to China Business News.[Full text]

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