Reuters Brings Financial Professionals Quality Information on China's Growing Bond Market.SHANGHAI, China -- Reuters (LSE LSE - Language Sensitive Editor :RTR RTR Ready To Run RTR Rundfunk & Telekom Regulierungs Gmbh RTR Rotor RTR Radio e Televisiun Rumantscha (Romansh Radio and Television, Switzerland) RTR Response Time Reporter RTR Ready To Race RTR Ready to Roll )(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY) is the first foreign company to release a comprehensive range of reference rates on China's bond market. 'Reuters Bond Reference Rates - China' helps meet the global and domestic markets' vast appetite for reliable, benchmark quality data on Chinese bonds and builds on Reuters growing involvement in the development of China's fixed income and foreign exchange markets. Reuters Bond Reference Rates - China is available on Reuters 3000 Xtra and Reuters Trader for China, bringing customers leading benchmarks covering China's central bank bills, treasury bonds and sovereign bonds. Reuters Central Bank Bills Reference Rates, Treasury Bonds Reference Rates and Sovereign Bonds Reference Rates are calculated from indicative rates provided by 13 Chinese and foreign banks, including Agricultural Bank of China The Agricultural Bank of China (ABC) (Simplified Chinese: 中国农业银行; Traditional Chinese: 中國農業銀行 , Industrial and Commercial Bank of China Industrial and Commercial Bank of China (ICBC) (Simplified Chinese: 中国工商银行; Traditional Chinese: , Bank of China, Deutsche Bank, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) and Standard Chartered Bank Standard Chartered Bank (LSE: STAN, HKSE: 2888 ) is a British bank headquartered in London with operations in more than fifty countries. It operates a network of over 1,600 branches (including subsidiaries, associates and joint ventures) and employs almost 60,000 . The Reuters Bond Reference Rates are the most timely source of Chinese bond data as they are updated daily. Alex Hungate, Chief Marketing Officer, Reuters, said: "As China's financial markets continue to grow and become more sophisticated, there is a need for dependable, benchmark-quality data. With over 130 years presence and relationships in China, Reuters is well placed to support the development of the Chinese financial markets. The launch of Reuters Chinese bond reference rates brings the global and domestic trading community trustworthy bond market benchmarking tools. The new data is made possible by the dynamic contribution of market prices from our Chinese and global customers and Reuters strong market know-how." Today's announcement represents yet another investment by Reuters to help improve its fixed income portfolio. In September Reuters launched a comprehensive set of data featuring Telerate's world-class benchmark and reference pages. The data also complements Reuters Trading for Fixed Income which has customers actively trading fixed income securities in Europe and will be expanded to other markets by the end of the year. Reuters is also supporting the advancement of China's foreign exchange market. Reuters electronic trading technology enabled China Foreign Exchange Trade System to launch an electronic foreign exchange portal. It currently supports the trading of eight foreign currency pairs: the US dollar against the euro, yen, Hong Kong dollar Noun 1. Hong Kong dollar - the basic unit of money in Hong Kong dollar - the basic monetary unit in many countries; equal to 100 cents , British pound, Swiss franc, Australian dollar and Canadian dollar, plus the euro against the yen. Note to Editors: Reuters (www.about.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Its trusted information drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 15,300 staff in 91 countries, including staff from the acquisition of Moneyline Telerate in June 2005. It also includes 2,300 editorial staff in 196 bureaux serving 129 countries, making Reuters the world's largest international multimedia news agency. In the 2004 Reuters Group revenues, including those of Instinet Group, were GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.9 billion. From July 2005, Instinet Group is being treated as a discontinued operation discontinued operation A segment of a business that has been abandoned or sold or for which plans for one or another of these actions have been approved. See also continuing operations. in the profit and loss account. Reuters and the sphere logo are the trade-marks of the Reuters group of companies. |
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