Red chip Pandas in doubt as BC roars

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By Carrie Hong, Rev Hui
21 Jan 2016

The Chinese Panda bond market has gone from strength to strength since its revival last September with the Province of British Columbia (BC) becoming the latest to issue, raising Rmb3bn ($456m) on Thursday. While plenty more sovereign and financial deals are being lined up, the future does not look bright for red chip companies. Carrie Hong and Rev Hui report.

Canada’s western province is the latest in a series of high-profile Panda bond issuers, and is only the second sovereign to sell onshore renminbi bonds. The first was South ...

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