ADB faces hurdles to RMB funding

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ADB faces hurdles to RMB funding

renminbi counting 230px
FILE - In this Aug. 26, 2015 file photo, a bank clerk counts renminbi banknotes in a bank branch in Huaibei in central China's Anhui province. A series of bungled decisions have escalated doubts about Beijing’s economic stewardship. (Chinatopix via AP, Vile) CHINA OUT | Uncredited/AP/Press Association Images

The Asian Development Bank (ADB) is struggling to find the long term RMB funding it needs in both onshore and offshore markets, treasurers at the development bank told GlobalRMB at their head office in Manila.

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