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Euromoney, February 2016

The turmoil in China’s currency and assets has caused ructions in markets all over the world, from stocks to other currencies. But a little-observed consequence may be a change in the issuance and investment dynamics of China’s onshore and offshore bonds and, maybe, a death knell for the dim sum bond market.

Ever since China began liberalizing its currency, and in particular since the launch of the offshore dim sum bond market, there has been a difference between the onshore and offshore behaviour of the currency and the bonds priced in them. Often volatile, this gap reached an all-time high in early January – only to vanish completely a week later.

Full article: http://www.euromoney.com/Article/3526039/BackIssue/95465/China-Currency-contortions-threaten-dim-sum

Chris Wright
Chris Wright
Chris is a journalist specialising in business and financial journalism across Asia, Australia and the Middle East. He is Asia editor for Euromoney magazine and has written for publications including the Financial Times, Institutional Investor, Forbes, Asiamoney, the Australian Financial Review, Discovery Channel Magazine, Qantas: The Australian Way and BRW. He is the author of No More Worlds to Conquer, published by HarperCollins.

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