Dim sum bond vols set for 60% rise in 2014: HSBC
The offshore renminbi market is set to open up dramatically next year as both domestic and international issuers and investors look to CNH, but returns on bonds will be lower in 2014.
Bond and certificate of deposit issuance in the primary market will reach Rmb520bn-Rmb570bn ($85m-$93m) next year compared with an estimated Rmb350bn in the first 11 months of 2013, according to research by HSBC published on December 11. This represents a 60% increase on 2013.
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