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Chinese currency's global rise set to spur sale of Beijing's 12b yuan dim sum bonds
Add BT as a preferred sourcePublished Mon, Nov 17, 2014 · 09:50 PM
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Hong Kong
CHINA'S planned 12 billion yuan (S$2.54 billion) sovereign dim sum bond sale looks set to be as strong as the pace at which global finance hubs are adopting the yuan.
The currency has risen 1.8 per cent against the US dollar since the Ministry of Finance's last debt sale in Hong Kong on May 21, as the number of cities with clearing banks for its use grew to 11, spanning the globe from Seoul to Doha to Toronto.
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