More renminbi facilities expected to deepen offshore market

Author: | Published: 12 Apr 2011

Lawyers working on Hong Kong's first renminbi initial public offering (IPO) expect the introduction of renminbi-type facilities to deepen liquidity in the offshore Rmb equity market in the second half of this year.

An in-house counsel on the Hui Xian Reit IPO, which is expected to raise up to Rmb 11.16 billion (£1.7 billion), told IFLR the offshore Rmb equity market was...