The
issuer of the bond is responsible for paying back the principal and interest to the investors.
债券发行方需对投资者偿还本金和利息。
The
issuer of the visa, usually a country's embassy or consulate, approves travel documents for foreign citizens.
签发签证的通常是国家大使馆或领事馆，他们审批外国公民的旅行文件。
The
issuer of the stock certificate is the company that issued the shares to its shareholders.
股票证书的发行者是向其股东发行股票的公司。
The credit card
issuer sets the terms and conditions for using their cards, including interest rates and spending limits.
信用卡发行商设定信用卡的使用条款和条件，包括利率和消费限额。
The government is the
issuer of legal tender, such as paper currency and coins.
政府是法定货币（如纸币和硬币）的发行者。
In a cryptocurrency, the
issuer is often referred to as the "mining pool" or "blockchain network," which validates transactions and creates new units.
在加密货币中，发行者通常被称为“矿池”或“区块链网络”，负责验证交易并创建新的货币单位。
The
issuer of a loyalty program rewards customers for their repeat business or purchases.
忠诚度计划的发行者会奖励常客或购买者的重复消费。
An email newsletter
issuer typically sends out regular updates to subscribers on news, promotions, or company information.
电子邮件新闻通讯发行商通常定期向订阅者发送新闻、促销或公司信息。
The
issuer of a municipal bond is a local government entity, like a city or county, seeking funding for public projects.
地方政府债券的发行者通常是城市或县等地方政府实体，用于公共项目的资金筹集。
The
issuer of a prepaid gift card allows the recipient to use the funds on the card at participating merchants.
预付礼品卡的发行者允许持卡人在指定商户使用卡内资金。
The PCAOB also sanctioned Shandong Haoxin Certified Public Accountants Co Ltd and four of its associated persons for violations of the US securities laws and PCAOB rules and standards in connection with the audits of the 2015-2017 financial statements of Gridsum Holding Inc. Haoxin, a public accounting firm, issued a false audit report, failed to maintain independence from their issuer client, and improperly adopted the work of another accounting firm as their own, said the PCAOB.
PCAOB还制裁了山东浩信会计师事务所有限公司及其四名关联人员，因为其在审计国网控股股份有限公司2015-2017年度财务报表时违反了美国证券法和PCAOB规则和标准，并不当地将另一家会计师事务所的工作作为自己的工作，PCAOB表示。
It is the largest IPO by a Chinese issuer in the US market since October 2021, according to global financial data provider Dealogic.
根据全球金融数据提供商Dealogic的数据，这是自2021年10月以来中国发行人在美国市场最大的IPO。
Increased international investors and issuer activity is an important step in China's capital market opening and global financial system integration.
国际投资者和发行人活动的增加是中国资本市场开放和全球金融体系一体化的重要一步。
The Hong Kong and Macao version of the UnionPay app launched two years ago has enrolled almost all local UnionPay issuers, leading to the enablement of UnionPay QR payment in 15 issuer apps.
两年前上线的港澳版云闪付APP已接入当地几乎所有发卡银行，实现了15家银行APP的银联二维码支付功能开通。
In feedback provided on Nov 4, the CSRC questioned its prime operation and asked for an explanation to define the issuer as an asset management company or a high-speed train passenger transport service provider.
As the first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi's IPO price is on the low end of the expected range — HK$17 to HK$22 — it had earlier set, which makes its initial aim of raising $10 billion, as earlier reported unmet.
The first issuer to take advantage of Hong Kong's new rules on dual-class shares, Xiaomi is reportedly planning to issue around 2.18 billion shares, with 65 percent of those being primary shares, at an indicative price range of HK$17 to HK$22 ($2.17 to $2.80) apiece.
On Friday, Fitch Ratings published China Fortune Land Development Co. , Ltd. 's (CFLD) long-term foreign-currency issuer default rating (IDR) as BB+ with a stable outlook.
The Industrial and Commercial Bank of China (ICBC) became the biggest bond issuer on Nasdaq Dubai after listing two new bonds Tuesday, Dubai International Financial Center (DIFC) said.
CIMB Group is the largest issuer of ASEAN local currency bonds, and the top issuer for Malaysian Ringgit bonds , said Aziz.
American Express Co, the largest credit-card issuer based on purchases, is seeking to extend its services to young affluent consumers in China, hoping to tap into their purchasing potential in outbound tourism and international online shopping.
On Monday, the credit card issuer launched two credit cards under a partnership with Bank of China, the country's fourth largest lender by assets.
The final offering price will be negotiated, and the proceeds raised from the listing will be used to boost the development of the issuer's primary businesses, as well as optimizing the asset-liabilities structure, it said.
Proceeds raised from the listing will be used to boost the development of the issuer's primary businesses, as well as optimizing the asset-liabilities structure, it said.
The statement came after Moody's affirmed China's A1 long-term local and foreign-currency issuer ratings on Tuesday but changed its outlook on China's government credit ratings to negative from stable, citing lower medium-term economic growth and ongoing downsizing of the property sector.
Moody's last cut China's local and foreign-currency issuer ratings in 2017, from Aa3 to A1.
In August, it successfully issued 1.5 billion South African rand ($78.5 million) worth of bonds in the country's domestic bond market, becoming the market's highest-rated issuer since 2015.
It is also the largest issuer of panda bonds in China.
This means, there are huge yield differentials between onshore and offshore, even from the same issuer, which could signal a rare opportunity for investors.
We recently saw onshore/offshore differentials of around 500 basis points for a high-quality BB-rated issuer, and 1300 basis points further down the credit curve, albeit these gaps have since narrowed a bit.
Meanwhile, from an issuer's perspective, developers may use the low-cost funding environment onshore to replenish their liquidity reserves, which should ease concerns for offshore bondholders.
These have been mostly in short-term debt, where the issuer can buy back their bonds at a discount and book a profit now, rather than repay at full value a few months later.
For instance, in 2016, labelled green bonds issued in China reached a whopping 205.2 billion yuan ($29.6 billion), making China the world's largest issuer of green bonds, which accounted for 40 percent of green bonds issued globally.
Their comments came as the US-based ratings agency on Wednesday changed to negative from stable its outlook on the banks, following the agency's affirmation of the government of China's issuer rating at A1 and changing the sovereign ratings outlook to negative from stable on Tuesday.
The lender has assisted Poland, Portugal, the Emirate of Sharjah and many international financial institutions to issue panda bonds — renminbi-denominated bonds sold by a non-Chinese issuer within the Chinese mainland.
In March, the Export-Import Bank of China announced that it had achieved its first renminbi loan cooperation with the Saudi National Bank, while Egypt is poised to be the first African country to issue panda bonds, renminbi-denominated bonds sold by a non-Chinese issuer within the Chinese mainland.
NDB is able to price the bond with a negative issuer premium thanks to strong demand from onshore and offshore investors.
"Central banks like gold because it is expected to hold its value through turbulent times and, unlike currencies and bonds, it does not rely on any issuer or government.
The issuer base for universal registration was expanded, and repetitive disclosure was reduced.
The account registration for the bond issuer should be done at the bank before official issuance of any product.
For issuance in installments, the issuer is allowed to register and open an account for the first phase, and to submit issuance information one by one for subsequent issuances.
A primary listing implies the issuer has met strict regulatory and financial reporting criteria of the bourse concerned, which leads to investors perceiving its stock as of high quality because the issuer is regarded as reputable.
In contrast, a secondary listing, which creates access to new capital markets, may have less stringent requirements and lower costs, and gives the issuer greater flexibility.
Panda bonds are renminbi-denominated notes issued by a non-Chinese mainland issuer in the onshore Chinese market.
Upon completion of the second program, the NDB will have a cumulative 30 billion yuan raised from bonds issued in China, making it the largest multinational development bank issuer in the country.
The size of the transaction equals that of a US dollar-denominated benchmark deal, which shows that the NDB is a high-quality issuer in the renminbi bond market, he said.
"With the successful execution of such a large issuance, the NDB again proved itself as a high-quality issuer in the RMB bond market.
Industry data shows that state-owned enterprises were the biggest issuer of the green bonds issued last year, and industry insiders expect a greater presence of private firms as international cooperation progresses in the green financing arena.
The People's Bank of China, the central bank, is the issuer of the digital RMB, being the core responsible for inter-institutional connection and management of the digital payment system, which the PBOC said is key to preventing illegal activities related to the digital currency and helping expand its role to more application scenarios in the future.
The scope for the issuance of the panda bond, the yuan-denominated bond from a non-Chinese issuer, will be widened.
International rating agency Moody's Investors Service on Monday affirmed the Macao Special Administrative Region's (SAR) long-term issuer ratings at "Aa3" with a "stable" rating outlook, according to a press release published by the agency.
While reviewing listing materials, the exchange should check the objectivity of the issuer's self-evaluation and give more scrutiny over intermediaries' due diligence.
Such bondholders will be able to convert debt into stocks and participate in the distribution of the issuer's remaining assets if specific risk events arise.
Mainland entities were the largest issuer, accounting for more than 70 percent of the total market in Hong Kong, the report showed.
According to the STAR Market listing regulations, the issuer and its sponsor should report to the exchange in time if major issues take place before the IPO.
If major issues occur after the CSRC's registration approval, the issuer may be disqualified for listing requirements and its listing should be suspended.
The issuer and the brokerage firms should completely evaluate the risks and problems and come up with precautionary policies.
Strict revision on the issuer's eligibility and information disclosure should be conducted to protect investors' rights and the financial market's sustained development," he said.
These include strong investor demand, heightened governmental focus on climate change and sustainable development, gradual greening of the financial system and increased issuer focus on highlighting sustainability plans to stakeholders.
The Agricultural Development Bank of China (ADBC), the third-largest bonds issuer in the country, issued bonds worth 10 billion yuan ($1.45 billion) to overseas investors for nurturing high-standard farmland.
By the end of June, 601 labeled green bonds, including financial bonds, corporate bonds, and asset-backed securities that earmarked proceeds for climate or environmental projects and were labeled as "green" by the issuer, had been issued in the domestic market.
- The Agricultural Development Bank of China (ADBC), the third-largest bonds issuer in China, has launched 4.3 billion yuan (about $619 million ) in overseas bonds.
Currently, there are 5,090 bonds issued by central SOEs with the highest issuer credit rating of "AAA".
Fitch Ratings affirmed on Monday China's long-term foreign-currency issuer default rating at "A+" with a "stable outlook", supported by "the country's robust external finances, a track record of strong macroeconomic performance, and size as the world's second-largest economy".
The move announced on Sunday will further unify the markets by making spot-market transactions via one-to-one negotiations with the issuer available to banking institutions, a mode analysts said is more favored by banks than auction trading.
HONG KONG -- International credit rating agency Standard & Poor's (S&P) has affirmed its AA+/A-1+ issuer credit ratings on Hong Kong and maintained the outlook as stable.
S&P Global Ratings affirmed on Friday its AA+ long-term and A-1+ short-term issuer credit ratings on Hong Kong.
As the second-biggest Chinese bond issuer, CDB has issued bonds worth over 20.0044 trillion yuan since its establishment, with its first market-oriented issuance back in 1998, the bank said in a statement on Thursday.
The successful pricing is another key milestone in the AIIB's funding strategy to be a diversified issuer with access to investors globally, noted AIIB Chief Financial Officer Andrew Cross.
The China Banking and Insurance Regulatory Commission canceled requirements regarding issuer banks' assets and credit ratings, in addition to removing requirements that insurance funds only invest in tier-2 capital bonds with AAA credit ratings, and in perpetual bonds rated at least AA+.
- The Agricultural Development Bank of China, the nation's third-largest issuer of bonds, launched 2 billion yuan (about $282.08 million) of bonds to support ecological protection.
The PBOC will be the sole issuer of the "digitalized renminbi", and will originally offer the digital money to commercial banks or other operators, which is still in a centralized issuance system.
"This has been the largest (such kind of bond) offering by an Asian sovereign issuer to date," said Samuel Fischer, head of China onshore debt capital markets at Deutsche Bank.
The Ministry of Finance is effectively building up a solid track record as a regular issuer in the international market," Fischer said.
S&P Global had assigned the A+ rating to China's proposed euro-denominated bonds, which reflected the global rating agency's long-term issuer credit rating on the sovereign, according to Tan.
"The issuer credit ratings on China reflect our view of the government's reform agenda, growth prospects and strong external metrics," he said.
"The issuer (of the CBDC) could be the central bank, or commercial institutions," said Zhou.
Sun Quan, associate dean of China UnionPay's Electronic Payment Research Institute, said recently that UnionPay, the world's biggest card issuer, is working with the Baihang Credit Scoring, China's first unified private personal credit information service platform, to complement the established government-run credit reporting service, known as the Credit Reference Center under the PBOC.
Austria could be the next sovereign issuer of panda bonds.
The European country is tipped to become the sovereign issuer with the highest rating for this type of bond.
"However, as the new board's issuer base expands, investors turn mature and the A-share market becomes more internationalized over time.
Moody's Investors Service affirmed on Thursday that the Asian Infrastructure Investment Bank's (AIIB) long-term foreign currency issuer rating is at "Aaa".
Financial institutions continued to boast the largest share of the issuance, with the Industrial Bank accounting for 23 percent of last year's total issuance, the largest issuer in China and the second largest worldwide, the report said.
The Agricultural Development Bank of China (ADBC), the country's only rural policy-oriented bank, has become the third largest bonds issuer at home.
The bank is also the country's biggest issuer of bonds serving rural development, according to Qian Wenhui, governor of the ADBC.
Bank of China is currently the only issuer of perpetual bonds in China－40 billion yuan worth of the bonds were issued on Jan 25.
"The registration system will become a milestone to advance China's capital market reform as it poses higher information disclosure requirements and stresses the responsibility of the issuer and brokerages," said Zeng Yan, chief strategist at Huatai Securities.
The country has achieved preliminary results on building a green financing system and became the world's second largest green bond issuer in 2017, said Zhou Xiaochuan, vice-chairman of the Boao Forum for Asia and former governor of the People's Bank of China, at the 2018 Annual Conference on Sustainability in Beijing on May 9.
George Sun, the bank's head of global markets－China, said: "The move will help to widen the issuer pool beyond Chinese issuers, as well as to increase inbound foreign investment.
That made China the world's largest issuer of green bonds and responsible for 40 percent of green bonds issued globally.
In 2017, China's green bond market volume reached 248.6 billion yuan ($35.8 billion), making the country the second-largest green bond issuer in the world, according to the report.
S&P Global Ratings announced on Wednesday that it has assigned the bank with AA+ long-term and A-1+ short-term issuer credit ratings with a stable outlook.
The announcement follows earlier rating by Fitch, which assigned the bank a long-term issuer default rating of 'AA+' with a stable outlook and a short-term IDR of 'F1+'.
In July 2017 and July 2018, China Chengxin International Credit Rating and Lianhe Ratings reaffirmed NDB's local currency issuer rating of AAA with a stable outlook.
"The CEINEX will continue to closely cooperate with the issuer to prepare the listing of D-Shares, and will actively develop the relevant regulatory framework together with the Deutsche Börse Group to provide the market infrastructure for a smooth start and development of the CEINEX D-Share Market in Frankfurt," said Chen Han, co-president of CEINEX.
Media reports, citing people close to the CSRC, said that the first CDR issuer will likely be approved by the regulator within a month.
The statement said the panda bonds, with a three-year tenor, were warmly received by the Chinese and other offshore markets with oversubscription hitting about 6.3 times, the all-time largest coverage for any panda sovereign issuer.
China, the largest green bond issuer in the world, needs to make further improvements in market infrastructure by increasing private participation, developing an offshore market and aligning its domestic green bond issuance standards with international ones, experts said.
When the first stocks were issued in China, in November 1984, the issuer had to solicit buyers with advertisements.
Among them, Ant Financial was the largest issuer, with its Jiebei and Huabei loan and credit services combining 31.8 percent of the total market value.
"The transformed companies will become part of what we called public finance issuers, a rising issuer class following State-owned and real estate companies that used to dominate in offshore market," he said.
Foreign investors' preference for stable, government-backed bonds will help meet the issuer's ultra-long-term funding needs for railway projects, according to Chung.
The bond can be purchased and traded under the newly established Shanghai-Hong Kong bond connect program that gives foreign investors greater access to the onshore capital market, and nearly 30 percent of the total volume has been subscribed by foreign investors, according to the issuer.
It is another successful Panda Bond offering after it debuted the first time a year earlier, although the interest rate level in the onshore bond market has risen, showing investor confidence in the issuer's AAA rating based on a stable economic outlook, said Su Bo, senior manager of the Investment Banking and Asset Management Department of Bank of China.
The ministry's statement said that there has been strong demand from international investors for China-issued sovereign bonds, as the issuer has strong economic foundations as well as a top-level credit rating among emerging markets.
On June 29, it received a long-term foreign currency issuer rating of AAA from Moody's Investors Service.
Rating agency Moody's last month lowered China's long-term local currency and foreign currency issuer ratings from Aa3 to A1, the same level as Japan.
In a statement released Wednesday, the rating agency said it had downgraded China's long-term local currency and foreign currency issuer ratings to A1 from Aa3, and changed the outlook to stable from negative.
Moody's Investors Service on Wednesday downgraded China's long-term local currency and foreign currency issuer ratings from Aa3 to A1 but changed the outlook from "negative" to "stable," a move experts said showed apparent miscalculations.
NDRC released the statement after international rating agency Moody's downgraded China's long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative.