Hong Kong's RMB Eurobond market kicks into gear

We look at what is driving the development of the renminbi Eurobond market in Hong Kong and the benefits of issuing them.

Hong Kong's RMB Eurobond market kicks into gear

Hong Kong’s development as an offshore renminbi RMB centre continues to gather pace, with the growing RMB Eurobond market RMB bonds issued in Hong Kong being a key element. Deutsche Bank became the first non-Asian bank to issue an RMB Eurobond last week, with a Rmb500 million $73 million deal for China Development Bank, and the first non-bank and corporate deals have also appeared in the past couple of months. Jerry Li, Deutsche Bank's head of global rates in China,...

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