Bank of China Luxemburg branch successfully issued 1 billion 500 million yuan "Schengen" bonds on 8 th. This is the first issue of RMB bonds issued by the Bank of China group in the European continent.

It is reported that Bank of China Luxemburg branch has submitted an application to the Luxemburg stock exchange, which will become the first offshore RMB bond of Chinese enterprises listed on the Luxemburg stock exchange and will become the first offshore RMB bond issued by Chinese enterprises on the European continent.

The term of the bond is 3 years and the interest rate is 3.5%, which is responded positively by local and international investors and the subscription amount exceeds 3 billion yuan.

Zhou Lihong, general manager of Bank of China Luxemburg branch, told reporters that bank of China regards Europe as an important overseas market and serves as the main bank to serve China EU trade and economic exchanges.

According to the introduction, the name of the bond is "Schengen", which symbolizes this. bond Like the "Schengen" visa, it will flow freely among European countries. The choice of listing in Luxemburg further highlights Luxemburg's important position as an international financial centre, echoing Luxemburg's desire to build an offshore offshore center.

Bank of China Luxemburg branch is Luxemburg's first RMB clearing bank. In 2013, Bank of China Luxemburg branch. Cross border RMB The amount of settlement has exceeded 100 billion yuan, and has become a provider of comprehensive products and services for overseas RMB business. It is the host bank of many cross-border enterprises that go out of business and is in the leading position in the local cross-border RMB settlement market.

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According to the foreign exchange administration, at the end of 3 2014, the balance of non resident RMB deposits in China was 1 trillion and 419 billion 695 million yuan. Among them, the balance of RMB deposits for non resident individuals is 475 billion 158 million yuan.

Non residents are the abbreviation of "non Chinese residents" compared with "Chinese residents". Apart from natural persons living in China for more than 1 years, overseas students and medical personnel in Hongkong, Macao and Taiwan, and foreign staff members and their dependents of foreign embassies and consulates in China, except for (two) China's short-term expatriates (less than 1 years' residence abroad), overseas students, medical personnel and Chinese embassies and consular missions in China and their families: (three) enterprises and business entities established in China (including foreign-invested enterprises and foreign-funded financial institutions) and overseas Chinese institutions in China (excluding international organizations stationed in China and embassies and consulates in foreign countries); (four) Chinese state organs (including embassies and consulates in China), groups and troops. Chinese residents refer to: (1) in

Non resident Renminbi deposits refer to non resident Renminbi deposits absorbed by domestic banking financial institutions and central banks.

Analysts said that with the accelerating process of RMB internationalization, the holding of Renminbi by foreign residents, including the renminbi held in the form of deposits, increased rapidly. This undoubtedly has an impact on China's balance of payments and external economic development. It is necessary to have relevant indicators for statistics and issuance, which will help to grasp and understand the approximate size of cross-border RMB capital flows.

At the end of 12 2013, the balance of non resident RMB deposits in China was 1 trillion and 356 billion 633 million yuan. Analysts pointed out that the balance of non resident Renminbi deposits is faster than the growth rate, but it is still relatively small in absolute terms. As domestic and foreign customers continue to maintain a positive expectation of RMB internationalization, the acceptance of RMB increases, and the pace of RMB going out accelerates, the data is expected to continue to increase.