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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Paolo Danese