香港の銀行間人民元借り入れコストが上昇

お読みいただく前に、ランキングアップに協力くださると大変助かります。


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たまには、香港のニュースを取り上げます。

下記引用記事は、Wall Street Journal　Asiaで見かけた、ちょっと不気味なニュースです。

香港の銀行の人民元調達金利がここ１か月上昇しているようです。その背景には人民元のオフショア債券である飲茶ボンドの発行の増加が今後も見込まれているとのことです。

中国財務省が６月に３６億ドルの債券を発行したのに加え、中国農業銀行やHuaneng Power International Inc、China Datang Corpといった企業が今後飲茶ボンドを発行予定とのこと

中国の金融緩和姿勢は強まっているという認識でしたが、まだ緩和が足りていないということでしょうか。

香港の不動産は中国人投資家のプレゼンスが高いと認識していますが、このまま金利上昇が続くようなら、中国人投資家の資金調達に影響がでて、香港REITや不動産への影響が懸念されます

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引用

Yuan Borrowing Costs Rise in Hong KongYuan borrowing costs for banks in Hong Kong have risen sharply for the second time in just over a month, as a recent spate of issuances of offshore yuan-denominated bonds, known as dim-sum bonds, is draining yuan from circulation in the city.

Analysts are forecasting the liquidity squeeze will continue in the nascent offshore market for China's currency. More bond offers are expected later this year, while the growth in the pool of offshore yuan is expected to slow as the Chinese currency's drop against the dollar this year deters investors.

The shortage of yuan is pushing up the amount banks charge each other to borrow in the currency, with the overnight rate rising to 3.4% Thursday, from as much as 3% Wednesday and as high as 2% last week, which was the average level in recent weeks, according to currency traders.

A similar rise in funding costs hit the market in late June when China's Ministry of Finance sold a 23 billion yuan ($3.6 billion) sovereign bond in the city, which sucked cash out of the system. Overnight borrowing rates rose then to as high as 6%, forcing foreign banks to rush to the swap market for alternative yuan funding, according to Deutsche Bank.

Large issues of dim-sum bonds to come later this year include those from lenders like Agricultural Bank of China Ltd., which has received approval from China's top economic planning agency to raise capital using this type of debt, as well as from four large state-run companies, including Huaneng Power International Inc. and China Datang Corp., which secured quotas to issue a combined 18.5 billion yuan of bonds.

The issuance of offshore yuan bonds, including certificates of deposits that allow banks to tap short-term funds, climbed to 25.8 billion yuan in July, making it the fourth-strongest month for issues so far this year, according to HSBC Holdings PLC.

↓この記事がお役にたったら。こちらもポチっとお願いします。

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