Canada and China signed an agreement to deepen financial sector co-operation ahead of a meeting next week between Carney and Chinese President Xi Jinping
Who are the buyers of this bond that is, according to the article, ten times oversubscribed? This seems to be just a propaganda move as not much tangible is said here.
It would also be interesting to know how many tankies bought this bond. I mean, if they are convinced that China’s economy is the future, they should do it, right?
I have read this, but it isn’t too revealing. 80 percent of buyers come from Asia, but it’s not said which banks and funds exactly.
It’s also unclear why they sell a bond in Canada that is listed in Hong Kong.
It’s more a propaganda move that anything else imo, also because the offshore RMB bond market is invisibly small (around USD 15 billion in market cap: the onshore market is thousand times larger and exhibits lower correlation to other asset classes afaik, although it’s unclear why this is).
Who are the buyers of this bond that is, according to the article, ten times oversubscribed? This seems to be just a propaganda move as not much tangible is said here.
It would also be interesting to know how many tankies bought this bond. I mean, if they are convinced that China’s economy is the future, they should do it, right?
Bloomberg
I have read this, but it isn’t too revealing. 80 percent of buyers come from Asia, but it’s not said which banks and funds exactly.
It’s also unclear why they sell a bond in Canada that is listed in Hong Kong.
It’s more a propaganda move that anything else imo, also because the offshore RMB bond market is invisibly small (around USD 15 billion in market cap: the onshore market is thousand times larger and exhibits lower correlation to other asset classes afaik, although it’s unclear why this is).