Renminbi risks may merit investor rethink

The recent actions of the Chinese central bank raise the risks but have failed to dent appetite for offshore renminbi bonds.

Renminbi risks may merit investor rethink

Institutional investors may have to start rethinking their renminbi strategies now that the Chinese central bank has stepped up its efforts to deter one-way bets on the currency.

That's the view of Jeremy Armitage at State Street Corp., who thinks investors need to start thinking about better managing the risks associated with the Chinese currency as they continued this week to lap up new renminbi-denominated debt.

To help curb aggressive appreciation expectations...

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