|
Dim Sum Bond
Dim sum bonds are bonds issued outside of China but denominated in Chinese renminbi, rather than the local currency. They are named after dim sum, a popular style of cuisine in southern China. They are a type of eurobond. Unlike panda bonds, dim sum bonds are issued in the offshore market for offshore RMB. History and use The first dim sum bond was issued by the China Development Bank in July 2007. Until July 2010, only Chinese and Hong Kong banks could issue renminbi-denominated bonds; deregulation led to the development of an offshore market in renminbi and the internationalization of dim sum bonds. The bonds became more popular as foreign companies sought yuan-denominated assets as the renminbi appreciated in 2011. Although the major market for dim sum bonds is Hong Kong, China Construction Bank became the first Chinese Bank to issue a renminbi denominated bond in London in November, 2012. This followed similar issues by non-Chinese banks like ANZ, HSBC and Banco do Bra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of Security (finance), security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the Maturity (finance), maturity date and interest (called the coupon (bond), coupon) over a specified amount of time.) The timing and the amount of cash flow provided varies, depending on the economic value that is emphasized upon, thus giving rise to different types of bonds. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and Share capital, stocks are both Security (finance), securities, but the major difference between the two is that (capital) stockholders h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg Businessweek
''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in September 1929. Since 2009, the magazine has been owned by Bloomberg L.P. and became a monthly in June 2024. History 1929–2008: ''Businessweek'' ''The Business Week'' was first published based in New York City in September 1929, weeks before the stock market crash. The magazine provided information and opinions on what was happening in the business world at the time. Early sections of the magazine included marketing, labor, finance, management and Washington Outlook, which made it one of the first publications to cover national political issues that directly impacted the business world. The name of the magazine was shortened to ''Business Week'' in 1934. Originally published as a resource for business managers, the magazine shifted its s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schengen Bond
A Schengen bond is a bond denominated in offshore Renminbi, and more specifically refers to bonds listed on the Luxembourg Stock Exchange and issued by a Chinese company. Origin On 8 May 2014, Bank of China Limited, Luxembourg Branch, launched its first offshore-RMB “Schengen” bond, for an amount of RMB 1.5 billion. The transaction was done under the US$10 billion MTN programme of the Bank of China Group. With the support from international and local institutional investors, the issuance was around 2 times oversubscribed. It was priced at 3.50% for the 3-year bond. On 15 May 2014, it was listed on the Luxembourg Stock Exchange. This first offshore-RMB bond was originally named ‘Schengen’ bond due to the fact that ‘Schengen’ has a particular meaning in European countries. It is a reference to the name of a small village in Luxembourg that borders France and Germany where the Schengen agreement permitting the free movement of movement of persons within the Schengen are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurobond (international)
A eurobond is an international bond that is denominated in a currency not native to the country where it is issued. They are also called external bonds. They are usually categorised according to the currency in which they are issued: eurodollar, euroyen, and so on. The name became somewhat misleading with the advent of the euro currency in 1999; eurobonds were created in the 1960s, before the euro existed, and thus the etymology is to "European bonds" rather than "bonds denominated in the Euro currency". The eurobond market was traditionally centered in the City of London, with Luxembourg also being a primary listing center for these instruments. Eurobonds have since expanded and are traded throughout the world, with Singapore and Tokyo being notable markets as well. These bonds were originally created to escape regulation: by trading in US dollars in London, certain financial requirements of the US government unpopular with bankers could be evaded, and London was happy to w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kungfu Bond
Chinese-issued U.S. dollar bonds are dollar-denominated bond issued by Chinese financial institutions and corporations. In 2017 this part of the bond market doubled to $214 billion as tighter domestic regulations and market conditions saw Chinese companies look offshore to raise capital. This far outpaced the other major foreign currency bonds issued in Asia. Chinese issuance of dollar bonds make up nearly 70% of corporate dollar bonds in Asia (excluding Japan). Major issuers include Tencent Holdings Limited, Industrial and Commercial Bank of China Limited and Sinopec Group. In 2017, China's Ministry of Finance revealed plans to sell US$2 billion worth of sovereign dollar bonds in Hong Kong, its first dollar bond offering since October 2004. The technology and communications sector in China made up a significant share of the offshore U.S. dollar bond market. Tencent priced $5 billion of notes in January 2018. U.S dollar-denominated bonds issued by Chinese institutions have been ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Panda Bonds
A Panda bond is a Chinese renminbi-denominated bond from a non-Chinese issuer, sold in the People's Republic of China. The first two Panda bonds were issued in October 2005 on the same day by the International Finance Corporation and the Asian Development Bank. Their terms were 1.13 billion yuan of 10-year bonds at a 3.4% yield and 1 billion yuan of 10-year bonds at a 3.34% yield. The Chinese government had been negotiating for several years about implementation details before permitting the sale of such bonds; they had been concerned about the possible effects on their currency peg. Eventually, it was agreed that funds raised from sales of Panda bonds would have to remain in China; issuers would not be permitted to repatriate such funds. Unlike the dim sum bond, pandas bonds are issued in the onshore market for onshore RMB. In May 2010, rules were liberalised and more issuers were allowed, with the restriction on proceeds not being remitted abroad lifted. In June 2016, Bank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of Security (finance), security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the Maturity (finance), maturity date and interest (called the coupon (bond), coupon) over a specified amount of time.) The timing and the amount of cash flow provided varies, depending on the economic value that is emphasized upon, thus giving rise to different types of bonds. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and Share capital, stocks are both Security (finance), securities, but the major difference between the two is that (capital) stockholders h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IL&FS
Infrastructure Leasing & Financial Services Limited (IL&FS) is an Indian state-funded infrastructure development and finance company. It was created by public sector banks and insurance companies. It operates through more than 250 subsidiaries including IL&FS Investment managers, IL&FS financial services and IL&FS Transportation networks India Limited (ITNL). Its projects include some of the largest infrastructure projects in India including India's longest tunnel, Dr. Syama Prasad Mookerjee Tunnel, which opened for traffic in April 2017. After the company defaulted on its loans in 2018, the Government of India took control of the company and appointed a new board. History IL&FS was formed in 1987 as an "RBI registered Core Investment Company" by three financial institutions, namely the Central Bank of India, Housing Development Finance Corporation (HDFC) and Unit Trust of India (UTI), to provide finance and loans for major infrastructure projects. Gradually, as the organi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caixin
Caixin Media () is a Chinese media group based in Beijing known for business and investigative journalism. Structure The founder and publisher is Hu Shuli, a former Knight Fellow in journalism at Stanford University, and an honorary doctorate degree recipient from Princeton University. Previously, Hu founded Caijing magazine. Yang Daming acts as deputy publisher, and Wang Shuo is editor-in-chief. The business side is headed by Zhang Lihui as president. The headquarters is in the Sanlitun SOHO (三里屯SOHO) in Chaoyang District, Beijing. There are also offices in Xuhui District, Shanghai and Quarry Bay, Hong Kong. History Departure from Caijing Magazine Caixin Media was established in January 2010, created subsequently to the departure of Hu Shuli and the majority of the editors and reporters at Caijing Magazine in November 2009. The original staff of Caixin Media is composed entirely of employees from Caijing. '' Caijing'' is a financial news magazine. It was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg Stock Exchange
The Luxembourg Stock Exchange, LuxSE () is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. History A law establishing a stock exchange in Luxembourg was passed on 30 January 1927. The company was incorporated as ''Société Anonyme'''' de la Bourse de Luxembourg'' on 5 April 1928, with an initial issue of 7,000 shares, each valued at 1000 francs. 0/sup> In March 2014, LuxSE moved to its new headquarters – the Aurora building– erected in line with the green construction concept. In 2015, the exchange celebrated the 10th anniversary of its Euro MTF Market. Agreements with other exchanges In November 2000, LuxSE signed a cooperation agreement with Euronext. As part of the agreement, trades in Luxembourg are generated through Euronext's Universal Trading Platform (UTP) allowing existing Euronext members to activate a cross-membership status on LuxSE. On January 13, 2020 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mike De Jong
Michael de Jong (born 1963 or 1964) is a politician in the Canadian province of British Columbia. He was a member of the Legislative Assembly (MLA) of British Columbia, representing the electoral district of Matsqui from 1994 to 2001, Abbotsford-Mount Lehman from 2001 to 2009, and Abbotsford West from 2009 until 2024. A caucus member of BC United (formerly known as the British Columbia Liberal Party), he served in several cabinet posts under premiers Gordon Campbell and Christy Clark, and ran for party leadership in 2011 and 2018. Early life De Jong was born to Dutch parents who immigrated to Canada after Canadian soldiers liberated the Netherlands in World War II. At age eight, he and his family moved to a farm in the District of Matsqui in British Columbia. He attended Abbotsford's last single-room elementary school and worked as farm labourer as an early teen. He graduated from Carleton University in Ottawa with a Bachelor of Arts degree, then attended the Univer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Columbia
British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, forests, lakes, mountains, inland deserts and grassy plains. British Columbia borders the province of Alberta to the east; the territories of Yukon and Northwest Territories to the north; the U.S. states of Washington (state), Washington, Idaho and Montana to the south, and Alaska to the northwest. With an estimated population of over 5.7million as of 2025, it is Canada's Population of Canada by province and territory, third-most populous province. The capital of British Columbia is Victoria, British Columbia, Victoria, while the province's largest city is Vancouver. Vancouver and its suburbs together make up List of census metropolitan areas and agglomerations in Canada, the third-largest metropolit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
