HSBC cautious on dim sum market growth, predicts Rmb500bn issuance in 2015

China money resized 230px
By Paolo Danese
17 Dec 2014

Following a record year for offshore RMB (CNH) bond issuance in 2014, HSBC is expecting gross annual issuance for bonds and certificate of deposits to stabilise at around Rmb500bn ($80.8bn) next year.

In the first 11 months of 2014, total issuance reached Rmb510bn. HSBC predicts issuance in 2015 of between Rmb490bn and Rmb520bn. According to GlobalRMB data, total public syndicated offshore RMB bond issuance in 2014 plus the Chinese Ministry of Finance auctions stood at Rmb212bn at the end of ...

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