Taiwan nears Formosa bonds landmark

Taiwan is set to allow mainland Chinese firms to issue Rmb-denominated bonds as soon as this week.

Hong Kong's dim sum bond market has been growing strongly over the past 36 months.

Taiwan’s formosa market is attracting European borrowers thanks to the island’s friendlier regulatory environment, with UBS raising two bonds in just over two weeks.

Kang Jae Kim has been appointed officially as the bank’s head of Capital Markets for Asia, following his service in the role ad interim, since January.

Kexim adopted the structure when it issued Rmb500 million in each of Taiwan’s Gretai Securities Market and Singapore’s stock exchange.

The HKMA and CMU OmniClear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.