People's Bank of China Notice [2007] No.3

中国人民银行公告〔2007〕第 3 号

January 31, 2007 | BY

clpstaff &clp articles &

Mainland financial institutions allowed to issue renminbi-denominated bonds in Hong Kong.

Clp Reference: 3610/07.01.14 Promulgated: 2007-01-14

Issued: January 14 2007

Main Contents: Subject to approval, mainland financial institutions may issue renminbi financial bonds in Hong Kong. Funds raised may be remitted to mainland financial institutions with renminbi business qualifications via clearing banks for renminbi business in Hong Kong. Bond issuing institutions may remit renminbi to Hong Kong for the payment of coupons and repayment of principal (Article 1).

Related Legislation: People's Bank of China Notice [2003] No.16, Nov 18 2003, CLP 2003 No.10 p.6

clp reference:3610/07.01.14promulgated:2007-01-14

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