Editorial: The rocky renminbi road

Author: | Published: 23 Sep 2014

It wasn't supposed to take this long. Hong Kong's renminbi (RMB) bond market was purportedly born back in July 2007 when the China Development Bank (CDB) issued 5 billion yuan worth of renminbi-denominated bonds. At the time, this correspondent had just moved to Hong Kong and was covering the Asian market for IFLR. Back then, the mood in China was more expectant than hopeful: bankers and their counsel were confident that CDB's bonds would lead...