Pimco applauds Bond Connect, but cautious on renminbi

Paolo Danese

July 10, 2017 08:45 am

renminbi counting 230px — FILE - In this Aug. 26, 2015 file photo, a bank clerk counts renminbi banknotes in a bank branch in Huaibei in central China's Anhui province. A series of bungled decisions have escalated doubts about Beijings economic stewardship. (Chinatopix via AP, Vile) CHINA OUT | Uncredited/AP/Press Association Images

Asset manager Pimco said the launch of Bond Connect addressed important concerns by foreign investors, but added that the outlook for the RMB remained somewhat bearish.

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Topics

China Regulation and Policy FX China Asia Regulation Asia Greater China China Bonds Northeast Asia China Asia Pacific EM People and Markets SSA People and Markets China People and Markets Regulation SSA People and Markets Sovereigns Emerging Markets

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Paolo Danese