Lucky 13 for renminbi bonds

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September’s RMB6 billion retail issue by China’s Ministry of Finance, the thirteenth renminbi bond issue in Hong Kong but the first by a government agency outside the mainland, could be a watershed moment for the territory’s nascent renminbi bond market.

Hong Kong’s renminbi-denominated bond market took a major step forward in September. Up until that point, it had been a fascinating but insubstantial new venture, attracting some high-profile credits but lacking the scale or liquidity to have br

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