Connect with us

Hi, what are you looking for?

Top Stories

Shanghai FTZ To Test Yuan Bond Trading

Shanghai’s free trade zone will be the test bed for yuan-denominated bond trading targeting overseas investors this month when the city government issues no more than 3 billion yuan (US$442 million) of municipal bonds.

The three-year bonds, to be used for debt swap, will target global investors and is the latest move by Shanghai to liberalize the finance sector in the FTZ since it was set up in September 2013, China Business News said, without giving a specific time frame for the launch of the bonds.

The bonds may help attract foreign investors and expand the cross-border use of yuan while also aiming to unify pricing.

By issuing the yuan bonds in the FTZ, the authorities hope to link the onshore and offshore bond markets to stabilize the yuan exchange rate and control the offshore yuan pricing. The aim is to help build an asset pricing, payment and settlement center as well as boost the yuan’s internationalization.

Join to receive daily email alerts of breaking news in Ghana. is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

(Via: NewsGhana)

You May Also Like

Top Stories

The Paramount Chief of the Effutu Traditional Area, Neenyi Ghartey VII, has assured the public that the impending 2017 Aboakyir Festival would be peaceful....

International hit record high in 2016. Site and apps viewed 15 billion times, with almost 100m unique browsers each month. Three senior appointments, expansion...


The Accra Report started Recipe Tuesdays to showcase the culinary delights of the African continent. There has been a significant time lapse between our...


One of our goals at The Accra Report is to expose to the world the eclectic beauty of Ghana and the African continent. In...

Copyright © 2020