IFR ASIA: Presumably foreign investors will like these, wouldn’t they? FREDDY WONG, FIDELITY: That would definitely be a positive for investors. It’s actually part of the financial reform that the Chinese government is implementing. If you think back to about the early 2000s, a lot of credit was being generated from the bank balance sheet. Now China’s going through a disintermediation of the banks, to really move credit into the public market. A lot more issuers are coming to this public market

IFR ASIA: Good morning, ladies and gentlemen. So, Tim, what’s happening in the renminbi bond markets? How do you see the funding landscape for potential issuers? TIMOTHY YIP, HSBC: I’m delighted that the PBoC has continued the path of Rmb internationalisation in the way that it now offers global issuers additional avenues in terms of Rmb funding. If we rewind back to 2007, when we had the first offshore Rmb bonds, people didn’t really know what Rmb was or were not very familiar with it. Then fas

IFR Asia RMB Bond Markets Roundtable 2016: Roundtable participants Ken Hu Invesco Ken Hu is chief investment officer, Asia Pacific fixed income, at Invesco, an investor in both onshore and offshore renminbi bonds. He joined lnvesco in April 2014 from Bank of China Hong Kong (BOCHK) Asset Management, where he was CIO for fixed income, and earlier worked as CIO for Bank of China Group Life Assurance. His 19 years of experience include stints at HSBC Private Bank, First State Investments and Income

China is going global, and so is its currency. The renminbi officially entered the International Monetary Fund’s basket of global reserve currencies on October 1, and barely a week goes by without talk of major reforms to open some aspect of the country’s capital markets to the world. While questions linger over the direction of the renminbi against the US dollar – following last year’s shock devaluation – global interest in Chinese bonds is building. In a yield-starved world, the onshore market