The recent surge of synthetic renminbi bonds designed to raised US dollars and funnelled back to China may irritate regulators enough for them to clamp down on the activity, FX strategists argue.
Chinese regulators may look to constrain the amount of US dollars raised from synthetic renminbi bonds that are repatriated into China, strategists at Crédit Agricole CIB have warned. The remarks come as concern rise over its potential impact on domestic...
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