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Financial Secretary of Hong Kong Paul Chan: Offshore RMB bonds accounted for 38% of bonds listed in Hong Kong in the first three quarters of this year
Financial Secretary of Hong Kong Paul Chan stated in a blog post that in the first three quarters of this year, offshore RMB bonds (dim sum bonds) accounted for 38% of the total issuance of bonds listed in Hong Kong, surpassing US dollar bonds for the first time and making the Chinese yuan the largest issuing currency in Hong Kong's listed bond market. He also revealed that Hong Kong is preparing to launch an "Offshore RMB Bond Index" to provide a clear reference for global investors allocating RMB assets.
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