A stronger renminbi will spur demand for dim sum
Chinese banks are lining up their own offshore renminbi bonds in Hong Kong. The upcoming sovereign dim sum bond from China’s finance ministry should set a benchmark for those lenders, but it is the stronger renminbi looks set to spur the demand.
Agricultural Bank of China (ABC), Bank of China (BoC) and Bank of Communication (BoComm) are readying their plans to launch their own dim sum bonds in Hong Kong in the coming months, taking advantage of the recent renminbi appreciation which looks set to spur demand.BoComm is looking to ...
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