Annual offshore renminbi bond supply in 2007 totalled Rmb10bn ($1.63bn). Fast-forward to 2014 and that figure, now including certificates of deposit (CD) issuance, has rocketed to Rmb406bn by mid-August. The offshore renminbi market’s development has been remarkable.
Signs of development are not limited to volume, however. The market is growing in depth and breadth, with a widening range of both investors and issuers entering the offshore renminbi (CNH) sector. Many are there to stay.
