China’s MOF bond is vote of confidence in HK

Author: | Published: 8 Dec 2010

China’s first sovereign bond sale in Hong Kong by tender offer is a vote of confidence in the city as an offshore renminbi centre. But a more transparent tender process would help open the market even more.

Linklaters' lead partner on the deal, William Liu, said the decision by China’s Ministry of Finance (MOF) to offer longer-maturity three, five and 10-year bonds by...