Bankers question need for China’s FTZ CNH bonds

shanghaiFTZ_day_230px.
By Carrie Hong, Rev Hui
05 May 2016

China’s push for an onshore CNH bond market is quickly taking shape with Shanghai International Port Group (SIPG) mandating Bank of China (BoC) to arrange a sale. But the scheme’s biggest challenge is likely to be overcoming the market’s widespread scepticism. Carrie Hong and Rev Hui report.

The upcoming bonds from SIPG will mark the official launch of the Shanghai Free Trade Zone (FTZ) renminbi bond business, which is part of China’s efforts to further liberalise its onshore bond market by providing another channel for foreign investors to put their offshore renminbi (CNH) to work.

“The ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial