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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

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...

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