IFC, a member of the World Bank Group, will issue a 1 billion renminbi-denominated bond (equivalent to about $165 million) next month to increase foreign investment in China and support the internationalization of the Chinese currency. The issuance marks the largest on the London Stock Exchange by a multilateral institution. […]
Tag: China
GLOBAL MARKETS-Yuan drops most in 3 years, Wall Street near all-time high
* Yuan sees biggest drop in almost three years after PBOC moves * Contrasts with world stocks at 6-year high; Wall St opens at peak * Gold holds recent gains, major currencies rangebound The repatriation of investors’ cash into developed markets was underscored on Tuesday as Wall Street opened […]
China January foreign direct investment rises in sign of confidence
China drew $10.76 billion in foreign direct investment (FDI) in January, up 16.1 percent from a year earlier, the Commerce Ministry said on Tuesday, a sign that confidence in the world’s second-largest economy remains firm even as growth cools. The majority of the new investment, some $6.33 billion, went into […]
