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Asset owners urge more variety in HKD bonds
Even the most active buyers of Hong Kong dollar (HKD) bonds want more from this asset in terms of liquidity, issuer diversity and tenor – otherwise it might become more marginalised in portfolios.
Without fundamental changes – and, possibly, some type of regulatory intervention – the allure of HKD bonds will come under ever-greater scrutiny, even among those asset owners that are its core buyers.
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