Lianhe Ratings Global Limited’s Post

Exposure to renminbi assets is less than 15% for the fund dedicated to defending Hong Kong’s dollar peg. However, a fund executive cautions against missing out on a China rebound. Hong Kong Monetary Authority (HKMA) #assetmanagement #assetallocation

[Navigating Renminbi Internationalisation on the Global Stage] Hong Kong has developed into a global offshore RMB business hub. Today we possess the largest offshore RMB liquidity pool in the world, and we handle about 75% of the world's offshore RMB payments. We welcomed yesterday’s announcement by the People's Bank of China (PBoC) on six new measures which deepen the financial co-operation between the Mainland and Hong Kong. These new measures enhance the existing Bond Connect and Cross-boundary Wealth Management Connect mechanisms and enrich their content, increasing the attractiveness of these schemes for investors, deepening the mutual access between the financial markets of the Mainland and Hong Kong, as well as further consolidating Hong Kong's role as an offshore RMB business hub. Looking ahead, we will continue to strengthen the interaction of the two capital markets. We will continue to press ahead with the inclusion of RMB counters under the Southbound Trading of Stock Connect to facilitate the trading of Hong Kong stocks in RMB. We will take forward the introduction of offshore Mainland government bond futures, and enrich the variety of RMB investment products. https://lnkd.in/g88WHWew #AFF

Time to weight your portfolio in global fixed income strategies.

We are delighted to share that Lianhe Ratings Global Limited has successfully completed their study on #DRO, providing an analytical rating framework to model the cashflow dynamics of Daily Revenue Obligations. This study represents another milestone towards greater recognition and understanding of our new asset class #MicroConnect #FinancialInnovation

[Investor Event] Lianhe Global successfully held a press conference on the "Cash Flow Forecast Method for Micro Connect | 滴灌通 Daily Revenue Sharing and Credit Rating Research on its Securitization" in Hong Kong. The release of this method has been highly recognized by nearly 300 institutional investors. 【投资人活动】联合国际在香港成功举办了 《滴灌通每日收入分成现金流预测方法及证券化信用评级研究》发布会。此次方法的发布，得到了近 300 名机构投资者的广泛好评。 完整新闻稿：https://lnkd.in/gSvZCSNZ #conference #event #offshorebonds #offshorebond #usdbond #usdbonds #chinabonds #lianheratingsglobal #china #creditratings #bonds #fixedincome #debtcapitalmarkets #offshore #investment

[MMF Rating] Lianhe Global has assigned ‘AAAmf’ money market fund (“MMF”) rating to Taikang Kaitai Hong Kong Dollar Money Market Fund (“the Fund”), a HKD-denominated MMF, established in September 2021, domiciled in Hong Kong, and managed by Taikang Asset Management (Hong Kong) Company Limited (“Taikang Asset (HK)”). The Fund’s primary investment objective is to achieve a return in HKD in line with prevailing money market rates. Full Press Release: https://lnkd.in/eaPS7ufn #China #HongKong #TaikangAsset #assignment #MMF #rating #creditrating #investmentgrade #dcm #issuerrating #issuancerating #bonds #usdbonds #offshorebonds #chinabonds #fixedincome #debtcapitalmarkets

The QFII and RQFII schemes help open up China’s onshore capital markets to global investors and have undergone changes aimed at reducing red tape and increasing investor inflows into the country. Explore the scheme changes and how they could affect Chinese markets. https://bit.ly/3TGW0Xi #ShareUBS #China #investing

The flow of foreign investors via Hong Kong Connect Program turned into positive for the first two months of 2024. The total net flow reached low point (negative RMB 31 billion) on 19 January as China equity market experiencing liquidity crunch due to margin calls, quant fund hedging activities and investor panics. The liquidity condition has eased then as China sovereign fund (Huijin) continued to buy equity ETFs, and the capital flow from Hong Kong Connect also turned into positive with total YTD net inflow of RMB 46 billion. #investing #ChinaAshares #ChinaCapitalInflow #ChinaForeignInvestors

[Issuer Rating]Lianhe Global has affirmed ‘BBB’ global scale Long-term Issuer Credit Rating of Pingtan Comprehensive Pilot Zone City Development Group Co., Ltd. (“Pingtan CDG”) The Outlook is Stable. 【主体评级】联合国际确认平潭综合实验区城市发展集团有限公司（“平潭城发”）‘BBB’的国 际长期发行人评级，展望稳定。 Lianhe Global has also affirmed ‘BBB’ global scale Long-term Issuance Credit Rating of senior unsecured CNY Green Bonds issued by Pingtan CDG at the same time. A full list of affirmed issuance rating is included in this report. 联合国际同时确认由平潭城发发行的高级无抵押人民币绿色债券的‘BBB’的国际长期 发行债务评级。本新闻稿披露了完整的债务评级列表。 Full press release: https://lnkd.in/dacgc8mF 完整新闻稿：https://lnkd.in/dXksDkk3 Full surveillance report: https://lnkd.in/dBGEG6Qs #fujian #pingtan #pingtanCDG #福建 #平潭 #平潭城发 #平潭城發 #affirmation #investmentgrade #LGFV #LGFVs #城投 #issuerrating #issuancerating #bondrating #outlook #stable #offshorebonds #offshorebond #usdbond #usdbonds #chinabonds #lianheratingsglobal #china #creditratings #bonds #fixedincome #debtcapitalmarkets #dcm