China may raise dim sum quota for mainland banks
Chinese government officials are considering raising the offshore renminbi bond quota for state-owned banks next year, raising the limit from the Rmb25bn ($3.93bn) that the country’s lenders have been permitted to sell in 2012, according to bankers and analysts in Hong Kong.
The Peoples Bank of China could raise the quota to around Rmb30bn-Rmb40bn, given the rising interest from Chinese banks to tap the dim sum bond market, market participants said.
They are watching closely for an announcement of the quota when Chinese President Hu Jintao visits Hong Kong on
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