you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 1 day ago (1 child)

Commercial banks bought 45% of the issued amount, outpacing central banks and sovereign wealth funds.

Bloomberg

  • source
  • parent
  • hideshow 1 child comment
  • [–] 1 point 21 hours ago* (last edited 21 hours ago)

    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).

  • source
  • parent