Germany Issues RMB Bonds To Build RMB Trading Center

Rejuvenation Bank of credit 28 will issue Renminbi bonds in Frankfurt for the first time. The bank is responsible for the capital market board member, J. broein, 27, said the state-owned bank hopes to release a signal by issuing a bond of RMB 1 billion yuan: "as Germany's largest development bank, we support the proposal to build Frankfurt into a gold financial center." Hessen economic minister Tariq Alawazil said this is a milestone.

In late March this year, Germany and China agreed to build a financial trading center in Frankfurt, a financial metropolis in Hesse. A Ieva Zyl said that the Bank of Germany revival credit bank issued this issue. RMB bonds It shows that Frankfurt wants to be RMB In the field of trading, it also wants to be the leader of Europe in the field of RMB bonds.

"I am sure that other enterprises and banks will soon follow the pace of the Credit Bank of Germany." The Green Party politician plans to organize a high-level RMB seminar in July this year, and will lead a delegation to China in November. Credit Bank of Germany has already issued Renminbi bonds in Luxemburg.

Reported that the now planned "Goethe bonds" will be on the Frankfurt stock exchange. list It is also provided by the Bank of Germany, a subsidiary of Ming Hui, to provide post transaction services. The two-year bond issued by the Bank of credit Fuxing, Germany, will be for institutional investors. German Commerzbank and Deutsche Bank are also involved in the issue.

Deutsche Bank Manager Dirk Schmitz believes more Renminbi bonds will follow. He said: "after issuing RMB bonds in Frankfurt, financial institutions and enterprises that intend to expand their business in China will get easier and more efficient RMB financing."

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According to the latest data from China foreign exchange trading center, the central parity of RMB against the US dollar in April 30th was 6.1580, down 24 basis points from the previous trading day.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in April 30, 2014 was RMB 1 yuan to RMB 6.1580 yuan, 1 euro to RMB 8.5033 yuan, 100 yen to RMB 6.0235 yuan, 1 Hong Kong dollar to RMB 0.79425 yuan, 1 pounds to RMB 10.3602 yuan, 1 Australian dollar to RMB 1 yuan.

On the previous day, the central parity of RMB against the US dollar was quoted at 6.1556 yuan.

Overnight, the dollar in the international exchange market varied, and the central parity of the RMB against the US dollar ended the previous consecutive rise, with a slight pullback on the 30 day.