Slowdown in RMB appreciation to benefit dim sum market

The realisation during the past few months that the renminbi is not a one-direction currency that will appreciate for all eternity initially sent shockwaves through the markets as international investors suddenly had to factor in potential currency risk when making renminbi-denominated investments. But participants at a panel discussion about the offshore renminbi bond market in Hong Kong yesterday argued that this new situation could help the market to mature by putting more focu…