China's MoF seals 11th offshore auction at Rmb14bn

By Rev Hui
29 Jun 2016

China’s Ministry of Finance completed a Rmb14bn ($2.17bn) auction of offshore renminbi government bonds on Wednesday, with strong demand from investors resulting in a more than three times covered transaction.

The volatility created by Brexit had little impact on the MoF’s 11th auction in Hong Kong as it managed to achieve more or less the same result as its previous outing in November 2015.

Demand was, once again, heavily skewed towards the short dated notes with the ...

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