Asia Pacific

Offshore renminbi deposits in Taiwan could reach Rmb100 billion by the end of the year as banks target retail and corporate accounts, forecasts ANZ.

This year is one in which investors should take more risk in emerging markets, especially in equities, strategists at HSBC say

Widening spreads between the onshore and offshore renminbi bond markets can offer Chinese issuers an up-to 100bp pickup – a favourable opportunity that will fuel a pipeline of dim sum deals.

Top 3 Offshore RMB DCM Transactions - Last 12-month rolling

Singapore medical technology company Biosensors International made its debut in the public bond market at the start of the week, raising S$300m ($244.9m).

The HKMA has reduced the settlement time for CNH liquidity by a day, further enhancing banks’ management of liquidity in times of shortage.

CSRC chairman Guo Shuqing says China’s foreign institutional investor programmes can expand to 10 times their current levels, giving foreigners unprecedented access to the Mainland capital market.

The offshore renminbi exchange rate is expected to remain strong in the first few months of the year due to the limited pool of CNH and uneven distribution of funds among banks.

Asian stocks fell, with Chinese shares approaching a 4-month low after worse-than-forecast inflation; but analysts say worries are exaggerated