Arab Today, arab today dagong europe expects more european issuers to issue rmb denominated debt
Last Updated : GMT 15:29:37
Arab Today, arab today
Arab Today, arab today

Dagong Europe expects more European issuers to issue RMB denominated debt

Arab Today, arab today

Arab Today, arab today Dagong Europe expects more European issuers to issue RMB denominated debt

Sachs also said that some countries could turn to more than one
Milan - XINHUA

Analysts of Dagong Europe, the branch of China-based Dagong Global Credit Rating Co., Ltd. in Europe, said on Tuesday they expected more European issuers to issue RMB denominated debt.
In a commentary dedicated to Chinese banks going overseas, Dagong Europe highlighted the steps taken to expand outside of China, initially through international lending, then through offshore RMB debt issuances and lately expanding their investment portfolios towards other currencies and non-Chinese RMB debt issuers.
"In our view, Chinese banks are expanding overseas not only to achieve an international strategy, but also to diversify credit risk and widen their economic asset allocation," Carola Saldias, head of financial institutions analytical team at Dagong Europe, said in the commentary.
In addition, she underlined, the recent growth of the offshore RMB bond market is helping - specifically Chinese investors - to diversify their investment portfolios adding securities issued by non-Chinese entities.
Though Chinese banks' overseas lending is still very limited, it is growing significantly outside of Hong Kong, mostly in Africa, Europe and Latam, Dagong Europe's analysts said in the commentary, expecting overseas loan exposures to increase.
Investment portfolios will be composed by a larger percentage of securities from foreign issuers, reducing the counterparty concentration on government-related-entities, policy banks and financial institutions in China's mainland, according to the commentary.
"Frankfurt, London and Luxembourg are playing a key role to open the RMB debt market to Chinese and non-Chinese issuers," Dagong Europe's analysts highlighted.
"An increased number of Chinese and non-Chinese issuers are entering the offshore RMB debt market in Europe" and "we expect more European issuers to issue RMB denominated debt, deepening the offshore market outside of Hong Kong," they concluded.
Milan-based Dagong Europe is under and compliant to the European framework regulated by the European Securities Market Authority (ESMA) and issues credit opinions on financial institutions including insurance companies and non-financial corporates.
The rating agency was established in 2012 as a Sino-Italian joint venture between Dagong Global Credit Rating and Mandarin Capital Partners, a private equity fund by institutional investors, and was the first Asian rating company operating in the European Union (EU).

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dagong europe expects more european issuers to issue rmb denominated debt Arab Today, arab today dagong europe expects more european issuers to issue rmb denominated debt

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dagong europe expects more european issuers to issue rmb denominated debt Arab Today, arab today dagong europe expects more european issuers to issue rmb denominated debt

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday