BOCHK to inaugurate offshore renminbi bond index
The index aimed to monitor the total returns of offshore renminbi bonds.
Bank of China (Hong Kong) plans to launch the first offshore yuan bond index in Hong Kong on December 31 to enable investors to have a better understanding of the prices and performances of offshore yuan bonds, reports China Securities Journal, citing Bank of China.
Vice president of BOC Hong Kong, Wang Shixiong, said all the yuan bonds launched in Hong Kong in recent years recorded oversubscription rates.
The yuan bond index will track the total returns of offshore yuan bonds, including interest income and capital gains or losses, according to a report in Capital Vue.
The index will comprise 28 offshore yuan bonds worth a total of 54 billion yuan in terms of market value and accounting for 90 percent of the total market value.
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Tags: BOCHK offshore renminbi bond index, BOCHK renminbi bond index
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