From the Chris Lee website:

Bank of China - 3 Year Floating Rate Notes

Bank of China has announced that it is making an offer of 3-year floating rate notes.

The interest rate is variable and will be adjusted every three months. The rate for the first three months will be around 6.50% and will increase if rates go higher and decrease if rates fall.

Bank of China is the fourth largest bank in the world. It operates in over 60 countries, with total assets of over $3 trillion and over 300k employees. It has a strong credit rating of A.

This investment suits investors who are concerned about inflation and wish to protect themselves if rates rise further.

I take this to mean that the BoC see interest rates falling over the coming three years - wonder if I'm right.