“The trend of internationalisation of Rmb bond market remains intact” – Chin Chin Koh, UOB
UOB China returned to the onshore bond market last week to tap its offer of ample liquidity and low yield.
August 30, 2022
The liberalisation of the renminbi took another small but significant step in mid-August when restrictions on foreign lenders’ investments in mainland China’s interbank bond market were eased. This is the fourth development affecting the currency in the past three months and comes only four weeks after the liberalisation of renminbi transactions in Hong Kong.
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