CNH market tipped to top $50 billion by year-end

The offshore renminbi (CNH) bond market will expand over 50% to hit Rmb350 billion by the end of this year – breaking the chunky $50 billion barrier for the first time, predicts Deutsche Bank. While that represents a slowdown in growth – the CNH bond market expanded 375% in 2011 to Rmb240 billion – Deutsche’s market outlook can still be viewed as bullish. The German bank itself overestimated the expansion of the CNH market last year, revising up its initial Rmb750 billion predic…