Beijing picks London for first yuan-bond outside China

Beijing picks London for first yuan-bond outside China London (AFP) May 26, 2016 - China's government has launched a renminbi-denominated sovereign bond in London, the first of its kind outside of the world's second biggest economy, Britain's Treasury said on Thursday. Beijing issued a bond worth 3.0 billion renminbi (RMB) ($460 million, 400 millions euros), the Treasury said in a statement. "Choosing London as the destination to issue this bond - the first Chinese s ... more

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