16 May 2012
Selected Chinese corporates will be allowed to tap renminbi liquidity in Hong Kong via the loan market. Remittance is permitted and the programme could be expanded to other provinces.
A broader pool of issuers from varying geographies and credit ratings will continue to fuel the growth of Hong Kong’s offshore renminbi bond market, say analysts and Hong Kong’s central bank.
The two nation’s banking industries are fairly healthy, but politicians and some observers are beginning to claim cartel-like activities are emerging from the leading lenders, says East & Partners.
The region’s local currency bonds will be a haven from a turbulent future for emerging markets and the CNH market should going forward, according to Picket Asset Management.
The desire of international investors to gain higher returns amid market volatility has led higher rated property companies in China to regain appeal.
15 May 2012
International banks are now allowed to hold 49% stakes in their mainland securities joint-ventures, giving them greater control in their hunt for market share in China, say legal and market experts.
Automated trading has been gaining momentum in the FX markets and will see huge leaps over the next few years. Those who fail to adapt will be left behind, says the software consltancy company.
13 Apr 2012
16 May 2012 | The US financial centre would be an ideal offshore renminbi hub, but bellicose political rhetoric against China means it will be unable to take advantage of this opportunity for a long time to come.
16 May 2012 | The Reserve Bank of India is struggling to manage potential stagflation, looming credit rating downgrades and a banking system at risk. And New Delhi isn’t helping.
12 May 2012 | The Chinese sovereign wealth fund has stopped buying European government debt. As the crisis wears on, it will not be the last institutional investor to rebalance toward emerging markets.
11 May 2012 | While China may have ambitions to fully internationalise the renminbi, multinational corporations are still disinclined to adopt the currency and are unlikely to change their minds anytime soon.
Which city will be the next offshore centre for the renminbi?
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21 May 2012-23 May 2012 InterContinental Grand Stanford Hotel, Hong Kong
22 May 2012-24 May 2012 The Fairmont Hotel, Singapore, Singapore
06 June 2012 The Ritz-Carlton, Shanghai, China
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