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Taiwan dim sum bond deals depend on offshore RMB lending
July 04, 2012
Companies from Taiwan will only increase their usage of Hong Kong’s dim sum bond market if Taipei allows its domestic banks to conduct renminbi business, believe analysts.
Hong Kong will only see substantial offshore renminbi bond issuance from Taiwanese corporates once Central Bank of the Republic of China (Taiwan) – also known as the ROC Central Bank – relaxes the renminbi restrictions imposed on its domestic bank units (DBUs).
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