China bonds tipped for inflow jump within three months

Global investors are set to boost their participation in the China interbank bond market (CIBM) in the next three to six months, with banks and insurers leading the way, say BNP Paribas executives. Asian assets have become a safe haven for investors after Britain voted to leave the EU on June 23, and low yields among the International Monetary Fund’s special drawing rights (SDR) currencies will push investors into renminbi bonds, said CG Lai, head of global markets for greater Chi…