(Bloomberg) Turns out that China’s new Bond Connect with Hong Kong isn’t just good for foreigners. Offshore Chinese money is using the channel to bring money back home, taking advantage of opportunities in domestic credit products. With the Chinese yuan’s exchange rate rising in recent months against the dollar — and likely to stay stable with a critical Communist Party leadership conference looming later this year — that’s made it more attractive to invest in higher-yielding domestic bonds.
China’s Newest Route for Bond Buying Is Pulling Funds Home
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