Dominion Lending Centres Clearlease Reports Hong Kong to hold world’s first yuan IPO outside mainland China with shares in property trust


Dominion Lending Centres Clearlease Reports Hong Kong to hold world’s first yuan IPO outside mainland China with shares in property trust

HONG KONG – (April 11, 2011) Clearlease.com Reports HONG KONG – The world’s first yuan-denominated shares to list on a stock exchange outside mainland China will start trading in Hong Kong on April 29, managers said Sunday, amid surging investor interest in China’s appreciating currency.

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

Hui Xian’s sole asset is Oriental Plaza, a complex in Beijing controlled by billionaire Li Ka-shing, Hong Kong’s richest man. Two billion units in the trust, or 40 per cent, will be sold to investors. The issue price will be 5.24 yuan to 5.58 yuan, giving the trust a market capitalization of 26.2 billion to 27.9 billion yuan.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

The IPO, which has been expected for several months, is the latest step in the growing use of China’s tightly controlled currency abroad. Investors and other companies looking to launch their own yuan stock offerings will be keenly watching the results. Hong Kong’s stock exchange has spent several months preparing for yuan trading, including holding an IPO simulation last month.

Beijing is promoting Hong Kong as a platform for yuan-based international banking. Hong Kong is a former British colony that was handed back to China in 1997, but maintains its own political and financial systems and currency.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

The amount of yuan in Hong Kong’s banking system has skyrocketed over the past year, reaching 407.7 billion yuan in February, four times larger than in July 2010. Savers and investors believe the yuan will continue to gradually strengthen against the Hong Kong dollar and other currencies.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Beijing began allowing foreign companies to issue yuan debt last year. The World Bank, the Asian Development Bank, Caterpillar Inc. and McDonald’s Corp. have sold yuan-denominated debt to finance activities in China.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Dominion Lending Centres Clearlease Reports Hong Kong to hold world's first yuan IPO outside mainland China with shares in property trust

HONG KONG – (April 11, 2011) Clearlease.com Reports The world’s first yuan-denominated shares to list on a stock exchange outside mainland China will start trading in Hong Kong on April 29, managers said Sunday, amid surging investor interest in China’s appreciating currency.

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

Hui Xian’s sole asset is Oriental Plaza, a complex in Beijing controlled by billionaire Li Ka-shing, Hong Kong’s richest man. Two billion units in the trust, or 40 per cent, will be sold to investors. The issue price will be 5.24 yuan to 5.58 yuan, giving the trust a market capitalization of 26.2 billion to 27.9 billion yuan.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

The IPO, which has been expected for several months, is the latest step in the growing use of China’s tightly controlled currency abroad. Investors and other companies looking to launch their own yuan stock offerings will be keenly watching the results. Hong Kong’s stock exchange has spent several months preparing for yuan trading, including holding an IPO simulation last month.

Beijing is promoting Hong Kong as a platform for yuan-based international banking. Hong Kong is a former British colony that was handed back to China in 1997, but maintains its own political and financial systems and currency.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

The amount of yuan in Hong Kong’s banking system has skyrocketed over the past year, reaching 407.7 billion yuan in February, four times larger than in July 2010. Savers and investors believe the yuan will continue to gradually strengthen against the Hong Kong dollar and other currencies.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Beijing began allowing foreign companies to issue yuan debt last year. The World Bank, the Asian Development Bank, Caterpillar Inc. and McDonald’s Corp. have sold yuan-denominated debt to finance activities in China.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
Dominion Lending Centres Clearlease Reports Hong Kong to hold world’s first yuan IPO outside mainland China with shares in property trust

HONG KONG – (April 11, 2011) Clearlease.com Reports HONG KONG – The world’s first yuan-denominated shares to list on a stock exchange outside mainland China will start trading in Hong Kong on April 29, managers said Sunday, amid surging investor interest in China’s appreciating currency.

An initial public offering for Hui Xian Real Estate Investment Trust will begin Monday and raise up to 11.2 billion yuan ($1.7 billion), the trust’s managers said.

Hui Xian’s sole asset is Oriental Plaza, a complex in Beijing controlled by billionaire Li Ka-shing, Hong Kong’s richest man. Two billion units in the trust, or 40 per cent, will be sold to investors. The issue price will be 5.24 yuan to 5.58 yuan, giving the trust a market capitalization of 26.2 billion to 27.9 billion yuan.

The remaining 60 per cent of the trust will be owned by six companies, including Cheung Kong (Holdings) Ltd. and Hutchison Whampoa Ltd., both controlled by Li, and Bank of China Ltd.

Oriental Plaza consists of a shopping mall, office and apartment towers and the Grand Hyatt Beijing hotel.

The IPO, which has been expected for several months, is the latest step in the growing use of China’s tightly controlled currency abroad. Investors and other companies looking to launch their own yuan stock offerings will be keenly watching the results. Hong Kong’s stock exchange has spent several months preparing for yuan trading, including holding an IPO simulation last month.

Beijing is promoting Hong Kong as a platform for yuan-based international banking. Hong Kong is a former British colony that was handed back to China in 1997, but maintains its own political and financial systems and currency.

Hong Kong banks started handling yuan in 2004 and now offer services including deposits, credit cards and trade financing that allows foreign companies to pay Chinese business partners in yuan.

The amount of yuan in Hong Kong’s banking system has skyrocketed over the past year, reaching 407.7 billion yuan in February, four times larger than in July 2010. Savers and investors believe the yuan will continue to gradually strengthen against the Hong Kong dollar and other currencies.

Hui Xian’s managers said investors will get an annual return of at least 4 per cent.

Beijing began allowing foreign companies to issue yuan debt last year. The World Bank, the Asian Development Bank, Caterpillar Inc. and McDonald’s Corp. have sold yuan-denominated debt to finance activities in China.

Hong Kong’s stock exchange topped the list last year for initial public offerings, with companies raising $57 billion in share sales, outpacing its rivals in London and New York.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at http://clearlease.com/How-to-Apply.html .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

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