You are here

Dim Sum sales freeze amid yuan concerns

This comes even as average yields on the HK bonds jump 160 basis points since devaluation
Saturday, September 12, 2015 - 08:00
BT_20150912_YUAN12_1874051.jpg
LOSING SHINE: The yuan, known officially as the renminbi or RMB, has weakened 2.7 per cent this quarter and is headed for the steepest loss since the Chinese government unified the market and official exchange rates in 1994.

Hong Kong

HONG Kong's yuan bond market has ground to a halt as even average yields of almost 6 per cent can't allay global investor concerns over a weakening Chinese currency.

There have been no sales of Dim Sum debt maturing in more than a year since Aug 21, when Credit Agricole