International Business

Dim sum bonds : the offshore renminbi (RMB)-denominated by Yau, Jot; Ko, Glenn Chi-Wo; Fung, Hung-gay

By Yau, Jot; Ko, Glenn Chi-Wo; Fung, Hung-gay

A finished advisor to figuring out and assimilating into dim sum bond markets

The expansive progress of the dim sum bond marketplace within the final 5 years has peaked investor curiosity and encouraged businesses to find making an investment possibilities that negate China's capital controls. In a four-pronged procedure, Dim Sum Bonds examines the improvement of the dim sum bond industry and its function in China's RMB internationalization coverage, features of dim sum bonds and its marketplace, traders' funding ambitions and the funding functionality of dim sum bonds, motivations of issuers, and underwriters' roles within the dim sum bond industry. you'll get yourself up to speed with each element of the dim sum bond marketplace from an supplier, an investor, and an underwriter's point of view. teachers, monetary advisors, funding bankers, underwriters, traders, and coverage makers shouldn't be with no this informative and targeted consultant to the offshore marketplace significant to China's internationalization of RMB.

  • Written through Hung-Gay Fung, Glenn Chi-Wo Ko, and Jot Yau, all of whom are specialists at the dim sum bond market
  • Explains the speedily increasing dim sum bond industry and places readers sooner than the curve
  • Landmark concerns, chinese language banks (China improvement Bank), Infrastructure, red-chip businesses (Sinotruk), and multinational organizations doing enterprise in China (McDonald’s) are mentioned in detail.

Covering landmark concerns from a number of chinese language and multinational organisations, Dim Sum Bonds presents must-read guide to knowing the gigantic possibilities of this up-and-coming market.

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Additional resources for Dim sum bonds : the offshore renminbi (RMB)-denominated bonds

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Bingley, UK: Emerald Group Publishing Ltd. Fung, Hung-Gay, Derrick Tzau, and Jot Yau. 2013b. ” Chinese Economy 46(2): 6–28. , and K. Lau. 2013. The Offshore Renminbi: The Rise of the Chinese Currency and Its Global Future. Singapore: John Wiley & Sons. Moore, P. 2012a. ” Euroweek: Offshore RMB Bonds: A Maturing Global Market, June: 50–52. Moore, P. 2012b. ” Euroweek: Offshore RMB Bonds: A Maturing Global Market, June: 56. Muk, E. 2013a. ” AsianInvestor, July 26. Muk. E. 2013b. ” AsianInvestor, July 15.

Bingley, UK: Emerald Group Publishing Ltd. Fung, Hung-Gay, Derrick Tzau, and Jot Yau. 2013b. ” Chinese Economy 46(2): 6–28. , and K. Lau. 2013. The Offshore Renminbi: The Rise of the Chinese Currency and Its Global Future. Singapore: John Wiley & Sons. Moore, P. 2012a. ” Euroweek: Offshore RMB Bonds: A Maturing Global Market, June: 50–52. Moore, P. 2012b. ” Euroweek: Offshore RMB Bonds: A Maturing Global Market, June: 56. Muk, E. 2013a. ” AsianInvestor, July 26. Muk. E. 2013b. ” AsianInvestor, July 15.

It highlighted the significance of the government policy as an instrumental directive to the development and growth of this nascent market. From the investor’s as well as the issuer’s perspective, the future development of this market is very much dependent on the policy stance of the Chinese central government toward its overall policy goal of RMB internationalization. Uncertainty arising from policy risk is largely unhedgeable and can be managed only by careful monitoring of the government policy as well as market conditions, which may in turn force the government to change its course on the internationalization of RMB.

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