Renminbi liberalisation sparks euphoria, frustration

23 July 2010 | 5 minutes read

Hong Kong is being flooded with renminbi structured products thanks to the July 19 agreement liberalising issuance of such instruments. These investments have been very well received, creating something of a gold-rush mentality among originators. The liberalisation was well flagged and, for those institutions that have a large renminbi deposit base, was followed immediately by an ever-growing list of renminbi…

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