Bonds denominated in renminbi in the Hong Kong market, known as CNH bonds, outperformed dollar - denominated and other local currency bonds in Asia last year, with a more than 6 % total return in dollar terms, as investors sought stability in the resilience of the Chinese currency, according to a report by HSBC. (gfmag.com)
Paris is challenging London, the leading center of foreign exchange trading globally, to be the hub of renminbi trading in Europe. (gfmag.com)
Last year it became the first bank in Russia to offer offshore Chinese renminbi bond trading. (gfmag.com)