---- Blick auf eine Filiale der Bank of China (BOC) in Guangzhou City, der südchinesischen Provinz Guangdong, 2. September 2015. HSBC Holdings plc und Bank
--FILE--View of a branch of Bank of China (BOC) in Guangzhou city, south China's Guangdong province, 2 September 2015. HSBC Holdings plc and Bank of China (Hong Kong) Ltd became the first offshore commercial banks on Tuesday (22 September 2015) to get approval from Chinas central bank to issue yuan-denominated bonds in Chinas $6 trillion domestic interbank bond market. HSBC was approved to issue 1 billion yuan ($156.86 million) of Panda bonds, while the Hong Kong branch of Bank of China Ltd was permitted to issue 10 billion yuan ($1.57 billion) in debt, the Peoples Bank of China (PBOC) said in a statement released late on Tuesday.Marking its landmark decision, the central bank said the change will broaden the yuan-denominated financing channels for international commercial banks, promote the opening up of Chinas bond market and push forward renminbi internationalization.
