MoF’s second auction changes the script

Rebecca Feng

October 12, 2018 03:30 am

Digital China_230px — Flag of China with face of Mao Zedong on RMB (Yuan) 100 bill. Downtrend stock diagram | kromkrathog - Fotolia

The Ministry of Finance (MoF) second offshore RMB (CNH) auction in 2018 raised Rmb5bn ($720m) on Wednesday. Despite recent RMB depreciation, the demand for CNH bonds remains, albeit in modest amounts.

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Topics

SSA China Hong Kong SAR Asia Greater China China Bonds Sovereigns Northeast Asia China Asia Pacific Emerging Markets

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Rebecca Feng