CCB breaks dim sum drought

China's second-largest lender sold Rmb1 billion worth of renminbi-denominated bonds in London, the first issue of its kind in almost two months.

CCB breaks dim sum drought

China Construction Bank, the country’s second-largest lender by assets, raised Rmb1 billion $157 million from a renminbi-denominated bond in London on Monday, ending a lengthy hiatus in the market.

The timing is auspicious as China seeks to extend its financial reach and London tries to cement its role as a renminbi-trading hub, with Chinese President Xi Jinping set for his first state visit to the United Kingdom later this month, 10 years after...

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