ecns [expanded by feedex.net]
ecns
Hungary's central bank invests in Chinese gov't bonds
http://www.ecns.cn/business/2015/05-29/167382.shtml
May 29th 2015, 05:47
The Hungarian National Bank has made the first step to invest in Chinese government bonds, according to a statement released by the bank on its website on Thursday.
The first phase of the investment was conducted through an indirect technique in cooperation with the BIS (Bank for International Settlements, Basel) in May 2015, the bank said, adding that "the investment does in no way jeopardize reserve adequacy, which is still regarded to be high."
Taking into consideration the growing significance of China in the global economy, the Renminbi's more pronounced role in the international monetary system, a decision was made to invest a small part of the foreign exchange reserves in Chinese government securities, the bank said.
The bank said that a significant factor in the decision was China's high credit rating. The investment in Chinese government securities is in line with the current international trends of foreign reserve management, as more and more central banks in both EU and non-EU countries are investing in China, the bank added.
When announcing its Renminbi Program on Feb. 19, 2015, the bank stated its intention to explore the opportunity of setting up a Renminbi denominated foreign reserve portfolio.
Hungary recognizes Chinese as official UNWTO language
China, CEE countries launch promotion year for tourism co-op in Hungary
China, Hungary hold first defense strategic consultation
Chinese commodity website launches Hungary operation
Premier Li seeks stronger China-Hungary ties
China stocks plummet after tale of revelry
SK businessman is China's first MERS case
China's most-wanted fugitive set to be extradited by U.S.
Ctrip goes offline after hacker attack
China to invest $900b in Belt and Road Initiative
MERS-infected S.Koreans rise to 9 in 9 days after first case
Producer apologies for Fudan video plagiarism
China destroys 662 kg of illegal ivory
Chinese premier back home from Latin America trip
Beijing to make government data easier to understand
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment