Control is now up 4.35% or under the influence of authorized issuance of renminbi bonds

HSBC Holdings (00005-HK), which is likely to be driven by the news of the Affiliate's approval to issue renminbi bonds, is up 4.35% to HK $67.10, a deal of HK $1.327 billion, which is now winning the big city with a 2.72% rise in the index. It is reported that, with the approval of the State Council, the Bank of East Asia (China) and HSBC (China) will be the first mainland Hong Kong-owned corporate banks to issue renminbi bonds in the territory.　　This will help Hong Kong banks to obtain renminbi funds through multi-channel and to reduce their reliance on other sources. The Bank of East Asia (00023-HK) rose 4.3% to 24.25 Hong Kong dollars and sold HK $149 million.