Wednesday, April 24, 2019

Tag: China Development Bank

China to lead way with landmark SDR bond offerings

HONG KONG/SINGAPORE, (IFR) - China is pushing for a landmark offering of bonds denominated in Special Drawing Rights, the International Monetary Fund's synthetic reserve currency, ahead of the renminbi's official entry into the SDR basket in October. The World Bank and China Development Bank are actively preparing to issue SDR...

Song Xin: Increase Gold Reserves And Join SDR

The Chairman of the China Gold Association and General Manager and Party Committee Secretary of China National Gold Group Corporation, the latter being China's largest gold mining enterprise, is Song Xin and happens to be one of my favorite commentators in China. This gentleman made waves in July 2014...

What China’s SDR Bond Issue Really Means

This is the first step toward one world currency. They promised, they delivered. The World Bank will issue a $2.8 billion SDR bond, or Special Drawing Rights bond, in China in August. Separately, the China Development Bank will also issue between $300 million and $800 million of SDR notes. China, the...

SDR bonds are China’s next step to take yuan global

SHANGHAI -- With the yuan set to enter the Special Drawing Rights currency basket in October, China looks to create a market for SDR-denominated bonds as a step toward internationalizing the country's currency. The government-linked China Development Bank as early as this month will issue $300 million to $800 million...

Chinese fund eyes Glencore’s gold mine in Kazakhstan

China's Silk Road Fund, a US$40 billion pool set up to invest along the ancient trade routes with Central Asia, is discussing a joint bid for Glencore Plc’s gold mine in Kazakhstan. The fund is partnering with China National Gold Group Corp on a possible joint offer for the Vasilkovskoye...

China’s Pivot to Putin’s Friends

The Moscow-Beijing partnership is stalling. But Xi is winning over the Russian president’s inner circle with favorable loans and sweetheart energy deals. When Gennady Timchenko — a Russian oligarch and close friend of President Vladimir Putin — was appointed chair of the Russian-Chinese Business Council, an association of more than...

Should Russia Be Afraid of Chinese Plans in the Far East?

A recent memorandum of cooperation signed by Moscow and Beijing has Russians worried about Chinese “colonization” of the Far East. However, a careful analysis of the situation suggests there is little reason for Russians to fear Chinese industrial expansionism. After hearing Russian politicians and pundits react to Moscow and Beijing’s...

Eurasia: China and Russia is Where It’s Happening

In 1865 at the end of the US Civil War New York journalist Horace Greeley popularized the expression, “”Go West, young man, and grow up with the country.” Today, some 150 years later, as the colossal economy of the United States of America sinks into obsolescence, outsourcing, income depression,...

Russia LNG Plant Gets $12 Billion From China Amid Sanctions

Russia's Yamal LNG, the biggest project to produce liquefied natural gas in the Arctic, signed loan agreements with two Chinese banks after more than a year of discussions with its majority shareholder targeted by U.S. sanctions. The accords signed with the Export-Import Bank of China and the China Development Bank...

Eurasia Silk Road Economic Transformation

Over recent months I have often written about the potential of China’s strategic One Belt, One Road Eurasian and Asian infrastructure Great Project to act as a global economic transformer toward positive, sustained economic growth. It’s becoming clear by the day that strategic economic planners in Beijing have been...

China is spending nearly $1 trillion to rebuild the Silk Road

Two weeks ago, a 32-container train from Wuyi, China arrived in Tehran, Iran. You might think the arrival of cargo by rail would be no big deal, but in this case you’d be wrong. This was the first journey of its kind between the two cities, and it shortened...

Prime Meridians: A Journey Along Copper’s New Silk Road

China's growing focus on securing copper supplies from the “Silk Road” corridor makes perfect sense. Why not look in your own backyard? It’s the same reason that U.S. mining and exploration firms tend to focus on Mexico, Australian companies specialize in Southeast Asia, and London-based exploration outfits are Africa-savvy.

China-Russia sign raft of agreements after Xi-Putin talks

China and Russia have agreed in Moscow to integrate the Beijing’s Silk Road Economic Belt initiative with Moscow-led Eurasian Economic Union (EAEU). Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin held talks in Moscow. “The talks concluded with the adoption of a joint declaration on deepening comprehensive partnership and strategic cooperation and promoting mutually advantageous ties,...

Chinese leader in Belarus to sign multibillion dollar deals

MINSK, Belarus (AP) — Chinese President Xi Jinping traveled Sunday to Belarus for a three-day trip to sign deals worth billions of dollars as Beijing looks to build greater inroads into Europe's economy. Xi said Sunday that Belarus could become a key hub for China's much-vaunted Silk Road vision —...

Russia and China deepen ties with new economic deals

MOSCOW, Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow's ties with the West fray over the Ukraine crisis. Russian President Vladimir Putin and Chinese leader Xi Jinping hailed their countries'...

China’s One Belt One Road Initiative: What we know thus far

President Xi Jinping launched China's “One Belt, One Road” (OBOR) initiative in 2013 with the stated aim to connect major Eurasian economies through infrastructure, trade and investment. The initiative was later specified to contain two international trade connections: The land-based "Silk Road Economic Belt" and oceangoing "Maritime Silk Road." The “Belt” is...

Article Filter Options