Abstract

Offshore RMB bonds, as an important component of China's financial market construction and opening-up, have received attention and research from multiple parties. At present, the governments of Guangdong Province, Shenzhen Municipality, and Hainan Province in China have issued offshore RMB bonds in Hong Kong and Macao. These bonds can broaden the government's offshore financing channels, facilitate government participation in offshore RMB transactions, and promote the development of RMB internationalization. At the same time, as the issuance of offshore RMB bonds is still in the exploratory stage and there are still certain problems, it is necessary for the central and local governments to work together to improve specific policy measures for offshore RMB bonds, optimize cross-border issuance processes, and prepare emergency plans for bond repayment, in order to make the offshore RMB bond market legal, compliant, and thriving.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.