BoC makes RMB bond debut in Paris

Bank of China makes its renminbi bond debut in Paris, another step in the globalisation of the currency.

BoC makes RMB bond debut in Paris

The Paris branch of Bank of China sold its debut renminbi-denominated bond for Rmb2 billion $328 million this week, furthering China’s push to globalize its currency and pouncing on favorable investor sentiment following upbeat economic data.

Bank of China’s bond came hard on the heels of China's PMI, which hit a six-month high, softer CPI inflation, as well as improved PPI data. Also there was no competing supply of renminbi bonds...

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