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RMB house of the year: HSBC

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The ability to mobilise Chinese government bonds as collateral has long been on the wish list of banks and investors in Hong Kong. This year, they finally got what they wanted.

Since the start of the year, global investors have been able to use their onshore renminbi bonds under the Northbound Bond Connect scheme as collateral for repurchase agreements, or repo, in the offshore market. That was

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