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UK first foreign country to issue dim sum bonds

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THE United Kingdom this week became the first foreign country to issue offshore renminbi bonds, with a smoothly executed offering that reflected the Chinese currency's growing global appeal and London's efforts to become the world's trading hub - PHOTO: REUTERS

London

THE United Kingdom this week became the first foreign country to issue offshore renminbi bonds, with a smoothly executed offering that reflected the Chinese currency's growing global appeal and London's efforts to become the world's trading hub.

The RMB3 billion (US$490

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