Tag: Asia Finance

U.S. Ambassador to Open Asian Business Aviation Conference & Exhibition 2013

This month, the Asian Business Aviation Conference & Exhibition is to be held at Shanghai Hongqiao Airport. Business aviation is expected to become a leading component of Asian growth, and the ABACE 2013 will likely be one of the largest and most successful to date.

Gary Locke, American ambassador to China, will speak at the event’s Opening General Session on April 16th.

“We are pleased to welcome Ambassador Locke to his first appearance at ABACE,” said NBAA President and CEO Ed Bolen. “I’m certain that those attending the event’s Opening General Session will appreciate the Ambassador’s informed perspective on the relationship of bilateral cooperation between the United States and China, and how that relationship can help promote the continued growth of business aviation in China and throughout the Asia-Pacific.”

The Ambassador stated: “The continued development of business aviation throughout the Asia-Pacific represents not only an encouraging sign for improved access to the region, but also the potential for bolstering U.S. exports.”

Offshore Trading to Boost Chinese Economy

According to HSBC Holdings Plc., China’s economic burst may push global sales of offshore yuan-related structured products to $1 billion for the first time since last year.

This year, sales of yuan-linked notes have reached “a few hundred million dollars” in Asia alone. Monthly worldwide volume is increasing rapidly, already doubled since 2012, according to HSBC’s Selene Chong.

“The increasing popularity of the structured products will be coupled with an overall increase of interest in renminbi investments,” she said. “As people are becoming more familiar with renminbi and increasingly using it as a trade currency, this will create more investment needs.”

Candy Ho, head of renminbi business development for Asia at HSBC, added that offshore trading for the Chinese currency has boosted demand for additional products as well.

“At the end of the day, you’ll need to use market liquidity to hedge some of the risk,” Ho said. “We expect to continue to see investors looking for opportunities branching into structured products.”