Offshore renminbi bond market still at experimental stage

Speakers at AsianInvestor/FinanceAsia's "RMB Rising" conference dampen expectations about the growth of the offshore market for renminbi-denominated bonds.

Few issues in international trade and finance are more topical than the subject of AsianInvestorFinanceAsia’s “RMB Rising” conference, held yesterday at the Renaissance Harbour View hotel in Hong Kong.

More than 125 delegates from 60 entities and 10 media organisations attended the conference, keen to share their views about the future role of China’s currency, the renminbi.

The morning got off to a vigorous start with a down-to-earth discussion about the prospects for the offshore renminbi-denominated bond market. Banks keen to attract mandates have made this a hot topic in recent months, and the financial press has been eager to discuss its implications, not least because high-profile bond launches, christened...

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