The Hong Kong asset management arm of China's leading securities brokerage, Haitong Securities, is launching the first renminbi mutual fund in Hong Kong that invests in renminbi-denominated fixed or floating debt instruments issued offshore.
The main offshore market where renminbi debt instruments are issued is Hong Kong. As of today about 30 billion renminbi ($4.43 billion) of bonds are outstanding there, issued mainly by the government and mainland incorporated banks. In addition, total renmin
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