The 8th Meeting of the ASEAN-Hong Kong, China Trade Negotiation Committee (AHKTNC) and Other Related Working Group Meetings is currently being held from 21 to 26 August 2016 at the MITI Tower. The Meeting is attended by more than 250 delegates from all ASEAN Member States (except Myanmar), the ASEAN Secretariat and Hong Kong, China (HKC). This is the first ASEAN meeting ever hosted at the MITI Tower. Malaysia’s Chief Negotiator for the AHKFTA is Pn. Wan Suraya, Deputy Secretary General (Strategy and Monitoring) of MITI.
The ASEAN-Hong Kong, China Free Trade Agreement negotiations commenced in July 2014 after receiving endorsement from ASEAN Leaders in 2013. Overall, the negotiations have progressed and is on track towards conclusion of a mutually beneficial AHKFTA by the end of 2016.
During the Meeting, Malaysia also took the opportunity to introduce some Malaysian fruits to the AHKTNC delegates showcasing local manggis, rambutan, dokong and durian. This was warmly received...
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41 Comments July 3, 2015 , by admin2
China has launched several pilot Renminbi programmes over the years and the pace has quickened since the onset of the global financial crisis. Programmes introduced by China in the last 12 months, intended to enhance the international use of the Renminbi, included:
• yuan-denominated cross-border trade settlement and trade financing;
• yuan bonds issued by policy banks; and
• currency swaps.
Recently, China launched a Renminbi sovereign bond issue worth 6 billion yuan (US$878.5 million) in Hong Kong and this marked the key milestone in the internationalisation of the Renminbi. Holders of the Treasury bonds will enjoy guaranteed interest of between 2.25% to 3.3% depending on the terms subscribed.
The sale of the bonds is expected to end on 20 October 2009. Given the impact of the global financial crisis, prudent investors are increasingly favouring demand for sovereign bonds issued by a strong economy like China, compared with the corporate bond market.
Prior to the...
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No announcement for today.