CNH Hibor spike spurs offshore RMB loan rethink

Esin Deniz - Fotolia

A big spike in the interbank rate for offshore renminbi has cast doubts over the development of the nascent CNH Hibor loan market. The changes in the overnight rates unnerved bankers, who responded that a wait-and-watch approach would be the most sensible, writes Shruti Chaturvedi.