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BEIJING Authentic Luke Schenn Jersey , May 4 (Xinhua) -- China's Ministry of Finance (MOF) said Sunday that it will issue 15 billion yuan (2.44 billion U.S. dollars) in book-entry discount treasury bonds this week.


The bonds will be sold on a discounted basis with a maturity term of 273 days, and the discount rate will be set through competitive tendering this Friday, the ministry said in a statement.


It added that the bonds will be sold on the interbank market from May 10 to 14 and will become tradable on the secondary market on May 16.


Interest calculation will start on May 12 and the maturity date will be Feb. 9, 2015.


This is the MOF's second issuance of book-entry discount treasury bonds this year.


BEIJING, April 8 (Xinhua) -- Chinese shares have fallen to levels which are well below their five-year average, and are "too cheep to ignore", HSBC said in its latest China investment atlas.


"No matter whether it is in terms of price-to-earnings or price-to-book terms Authentic Shane Doan Jersey , some Chinese stocks are valued even lower than during the global financial crisis," said HSBC's Head of China Equity Strategy Steven Sun in the report.


In the past few weeks, China has been producing a series of tepid macro economic data, and has had no shortage of bad news. The onshore bond market may soon witness its first bond default in recent history, while the Chinese currency Renminbi has fallen to the lowest level in a year.


The HSBCMarkit manufacturing purchasing managers' index (PMI), which sampled small- and medium-sized enterprises, dipped to an eight-month low of 48 in March Authentic Clayton Keller Jersey , from a final reading of 48.5 in February. It also signaled the sharpest fall of output since November 2011.


Although the timing of a stock market bottom is difficult to call, downside risks have been alleviated by the depressed valuation, Sun said.


Against the rest of the region, China also offers clear value. In terms of price-to-earnings multiples, the discount that Chinese equities trade at is the widest it has been since 2007, he said.


The market hopes that policy makers in China take fresh steps to boost the country's flagging economy.


"We think a rally might be underway due to the cheap valuations, but this is more likely to be a short-term rebound than a new cyclical bull market Jason Demers Jersey ," Sun said. "We maintain our cautious stance on 2014 stock market performance, given the structural challenges that China needs to overcome."


Sun said most of HSBC's 2014 index target forecasts are unchanged, with Morgan Stanley Capital International (MSCI) China at 68 and Hang Seng Index at 24,000.


But HSBC slightly lowers Shanghai Composite Index to 2,400 from 2,500 and the Hushen 300 Index of the leading Shanghai and Shenzhen A-share listings to 2,600 from 2 Alex Goligoski Jersey ,800.


These targets imply potential returns of 11 percent to 24 percent by the end of next year, including dividend yield. Potential return equals the percentage difference between the current index level and target level, including forecast dividend yields when indicated, Sun said.


On Tuesday, the benchmark Shanghai Composite Index opened lower at 2,054.53 points, down 0.21 percent. The Hushen 300 Index opened at 2 Oliver Ekman-Larsson Jersey ,179.92 points, down 0.25 percent.




French President Emmanuel Macron (L) welcomes Lebanon's President Michel Aoun at the Elysee Palace in Paris, France on Sept. 25, 2017. (XinhuaJack Chan)


Modern manufacturing, transport help six Chinese provinces develop fast


Scenery of terraced fields in Houyuan Village, China's Fujian


Scenery of high-speed rail networks in south China's Guangxi


In pics: paddy fields across China


Autumn scenery of Kanas scenic area in NW China's Xinjiang


10th Pink Ribbon Charity Walk held in Switzerland


Chinese, Pakistani air forces conduct joint drill


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Jinqiao area of the China (Shanghai) Pilot Free Trade Zone Shanghai Daily

IN four years Derek Stepan Jersey , the China (Shanghai) Pilot Free Trade Zone has become a hub for foreign innovators, such as Adobe, which established its Shanghai branch in the area dubbed as a test ground for Chinas key economic and financial reforms.


The American software giant, headquartered in San Jose, California, has moved its Shanghai office to the free trade zone as a stronghold of its east China business.


The zone, which covers about 121 square kilometers Christian Dvorak Jersey , comprises the Lujiazui financial hub, the Jianqiao manufacturing zone, the Zhangjiang high-tech base and the three bonded areas of Waigaoqiao, Yangshan and Pudong International Airport.


Adobes senior managing director for China Yew Hwee Ng said the zone was an ideal base for Adobe to bring the latest technology and digital experience to Chinese users as soon as possible.


The establishment of Adobe Shanghai marks another step in the companys China strategy. Based in Shanghai and East China, Adobe says it will follow Chinas national strategy and flexibly respond to the needs of the mainland market through the policies of the free trade zone as well as its first-mover advantage to provide customers with the best products and solutions to optimize their digital experience.


The Shanghai pilot free trade zone, indeed, offers multinationals easier access to the vast mainland market. About 90 percent of total foreign investment of US$4 billion that Pudong attracted in the first half has gone to the area Max Domi Jersey , while altogether 8,781 foreign-funded companies have been set up there.


Officials of the Shanghai free trade zone say measures are being studied to further open accounting, construction and credit rating services to foreign capital.


As Chinas first pilot free trade zone, the Shanghai FTZ was opened in 2013 as the test bed of new economic and financial policies, such as the negative list for foreign capital management, which define. Cheap Panthers Jerseys Cheap Packers Jerseys Cheap Lions Jerseys Cheap Cleveland Browns Jerseys Cheap Jacksonville Jaguars Jerseys Wholesale Falcons Jerseys Wholesale Dallas Cowboys Jerseys Wholesale Indianapolis Colts Jerseys Wholesale Kansas City Chiefs Jerseys Wholesale Arizona Cardinals Jerseys
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