Despite the broad exodus from emerging market debt, offshore renminbi bonds have attracted flows and are expected to continue to benefit from renewed investor interest.
Tag : cnh
Hong Kong's central bank hopes that partnering Clearstream will help to reignite interest in its repurchase agreement settlement platform. To date very few deals have been closed.
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SSgA gains approval to allow MPF scheme providers to invest in its gold-backed ETF, just as the price of bullion sinks. Also, Invesco launches a CNH bond fund for its MPF platform.
Issuance of offshore renminbi bonds more than doubled month-on-month in November, backed by currency appreciation. With China’s economy forecast to strengthen, this could run on.
The firm is looking to pair offshore bonds with onshore securities with a view to giving Hong Kong pension savers access to the asset class, when regulations permit.
With an RMB clearing bank about to be established in Taiwan, industry players reflect on the potential opportunities and how they believe the market will grow.
Boasting a broader array of issuers based on credit fundamentals not just FX appreciation, the $25 billion offshore RMB bond market is catching the eye of insurers, among others.
Principal Global Investors names its first regional COO, as it seeks to tap asset-management opportunities in Chinese securities.
Through a partnership with JP Morgan and Euroclear, the HK central bank is to offer collateralised cross-border lending on RMB.
The currency is no longer structurally undervalued and London is set to act as a key outpost in its increased use in international investment.
Deutsche Bank expects the CNH bond market to grow over 50% in 2012, with more products launched. It comes as AsianInvestor hosts its third RMB Rising event in Hong Kong today.
Peter Pang, deputy CEO at the Hong Kong Monetary Authority, urges the local fund management industry to ramp up its involvement in offshore renminbi products.
