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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hsbc Holdings Plc | LSE:HSBA | London | Ordinary Share | GB0005405286 | ORD $0.50 (UK REG) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.20 | -0.74% | 696.50 | 692.50 | 692.80 | 714.60 | 685.00 | 707.00 | 35,831,604 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-bank Holding Company | 65.91B | 23.53B | 1.2338 | 23.80 | 560.02B |
From May 2019 to May 2024
By Fiona Law
HONG KONG--The People's Bank of China plans to issue up to five billion yuan ($787 million) in yuan-denominated debt in London as early as this month, a person familiar with the matter said Thursday.
This marks the first time the Chinese central bank will issue a yuan bond in London, in a bid analysts believe to broaden the international use of the currency at a time Beijing is pushing for the yuan to gain the elite status of a global reserve currency.
In the latest issuance plan, the PBOC is likely to sell the yuan bonds with a one-year tenor or less, the person said, in a bid to build an offshore yield curve for Chinese government bonds.
HSBC Holdings PLC and Industrial & Commercial Bank of China Ltd. are arranging the bond sale, the person said.
The Chinese government has been mainly selling offshore yuan debt in Hong Kong, the biggest hub for yuan trading outside mainland China.
Write to Fiona Law at fiona.law@wsj.com
(END) Dow Jones Newswires
October 08, 2015 06:41 ET (10:41 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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