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Dim Sum bond market in crisis, with little choice for managers

Most offshare yuan issues are small, and funds struggle to find bonds to buy

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The size of offshore yuan bond funds has shrunk to a third of 2014's US$9.5 billion while the currency has weakened 0.8 per cent in the past month in Hong Kong.

Hong Kong

DIM Sum bond fund managers, armed with US$2.6 billion and little to spend it on, are struggling with a market creaking under the challenges of record maturities and slumping sales.

Ben Hsueh, who oversees an offshore yuan fund at Fubon Asset Management in Taipei, says he

sentifi.com

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