The market is growing fast, but it will need to be reconciled with the onshore RMB market as Beijing targets full convertibility and reserve currency status. How far should it develop its offshore market?
Tag : dim-sum bonds
SSgA gains approval to allow MPF scheme providers to invest in its gold-backed ETF, just as the price of bullion sinks. Also, Invesco launches a CNH bond fund for its MPF platform.
Issuance of offshore renminbi bonds more than doubled month-on-month in November, backed by currency appreciation. With China’s economy forecast to strengthen, this could run on.
