Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, announced today it has been appointed by the Hong Kong Treasury Markets Association (TMA) as the calculating agent for the TMA RMB Bond Indicative Quotes. The indicative quotes aim at increasing the price transparency for RMB-denominated institutional bonds issued in Hong Kong by the Ministry of Finance of the People’s Republic of China. The publication of the indicative quotes will be conducive to strengthening Hong Kong’s position as a leading offshore RMB center.
The indicative quotes offer market participants including fund managers, sell-side banks and brokers a reference for various uses, such as portfolio valuation and compliance reporting.
Thomson Reuters will use its leading technology to perform the calculation of the indicative quotes based on the indicative prices sourced from 14 regional and global banks.
The indicative quotes will be published twice a day (around 11am and 4pm HKT) on every trading day via Thomson Reuters Eikon and datafeed solutions. The 11am indicative quotes will also be published on the TMA website. Further information on the initiative can be found at https://www.tma.org.hk/en_market_info.aspx.
“The TMA RMB Bond Indicative Quotes will provide a reliable source for pricing which will increase transparency within the financial marketplace, something Thomson Reuters continues to be very focused on,” said Stuart Brown, Head of Financial, Asia, Thomson Reuters.
Thomson Reuters delivers up-to-the-millisecond news and financial information to decision makers and has a strong portfolio of benchmarks and indices. It administers, calculates and distributes financial benchmarks on behalf of more than 50 market associations and central banks as well as produces Thomson Reuters indices covering equities, bonds, and commodities.