CNH bond yield around 3% offshore, while CNY bond yield around 6% onshore...Hmm...
ICBC S'pore branch sold 2b yuan bonds
The Industrial and Commercial Bank of China's Singapore branch has on Tuesday night sold 2 billion yuan bonds priced at 3.2 per cent amid strong demand.
"This is a Singapore-cleared RMB bond done by one of the big 4 Chinese banks, and is very well received," said DBS Bank on Wednesday.
Orders for the issue reached 5.2 billion yuan. Singapore investors took up 55 per cent, Hong Kong investors had 43 per cent and those from other markets 2 per cent. By industry, banks and corporates were allocated 25 per cent each, while fund managers got 35 per cent and private banks 15 per cent.
...
Source: Business Times Breaking News
The 3% is the risk premium that is associated with holding CNY in China. There are still capital controls that increases the risk of holding CNY. Issuance of "Lion City" bonds are small steps for CNY to become internationalise.
(20-11-2013, 10:13 PM)Hunter_X_Hunter Wrote: [ -> ]where that 3% go??
(20-11-2013, 08:39 PM)CityFarmer Wrote: [ -> ]CNH bond yield around 3% offshore, while CNY bond yield around 6% onshore...Hmm...
ICBC S'pore branch sold 2b yuan bonds
The Industrial and Commercial Bank of China's Singapore branch has on Tuesday night sold 2 billion yuan bonds priced at 3.2 per cent amid strong demand.
"This is a Singapore-cleared RMB bond done by one of the big 4 Chinese banks, and is very well received," said DBS Bank on Wednesday.
Orders for the issue reached 5.2 billion yuan. Singapore investors took up 55 per cent, Hong Kong investors had 43 per cent and those from other markets 2 per cent. By industry, banks and corporates were allocated 25 per cent each, while fund managers got 35 per cent and private banks 15 per cent.
...
Source: Business Times Breaking News
no cake for retail investors like us?
go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
(21-11-2013, 07:41 AM)opmi Wrote: [ -> ]go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
Not any person can open RMB FD onshore to enjoy the interest. Offshore RMB FDs are around 3.25%, which is also available in Singapore.
(21-11-2013, 07:41 AM)opmi Wrote: [ -> ]go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
5 year FD is only 4.75% pa in China.
Need to have a China address to open in China though.
(21-11-2013, 09:09 AM)yawnyawn Wrote: [ -> ] (21-11-2013, 07:41 AM)opmi Wrote: [ -> ]go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
5 year FD is only 4.75% pa in China.
Need to have a China address to open in China though.
OK.
Just use any PRC friend address. My friend said can even use hotel address...hahaha
(21-11-2013, 08:50 AM)CityFarmer Wrote: [ -> ] (21-11-2013, 07:41 AM)opmi Wrote: [ -> ]go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
Not any person can open RMB FD onshore to enjoy the interest. Offshore RMB FDs are around 3.25%, which is also available in Singapore.
go SZ day trip from HK. Go open bank acct. Go HuaQiangBei buy IT stuff.
At night, go eat HaiDiLao steamboat. Stay in SZ big hotel cheaper than chicken coop in HK..haha..
After that, manage account from Internet Banking. need a PRC SIM card for OTP 2 factor thingy.
(21-11-2013, 09:19 AM)opmi Wrote: [ -> ] (21-11-2013, 08:50 AM)CityFarmer Wrote: [ -> ] (21-11-2013, 07:41 AM)opmi Wrote: [ -> ]go China open account, can get 5-6% pa FD.
PRC Gov will rather print money, than to let any big 4 banks fail.
Not any person can open RMB FD onshore to enjoy the interest. Offshore RMB FDs are around 3.25%, which is also available in Singapore.
go SZ day trip from HK. Go open bank acct. Go HuaQiangBei buy IT stuff.
At night, go eat HaiDiLao steamboat. Stay in SZ big hotel cheaper than chicken coop in HK..haha..
After that, manage account from Internet Banking. need a PRC SIM card for OTP 2 factor thingy.
you forgot to add in e ktv....?