Resumen de EU renminbi bond first highlights hub competition
The article reports on the first Chinese renminbi bond issued by the Bank of China (BOC) in Luxembourg that spurred competition with other bond issuers and among investors from European Union (EU) member countries. Topics discussed include the difficulty of attracting Chinese issuers to Luxembourg and other options for launching Chinese renminbi such as Frankfurt, Germany. An update is presented on the foreign exchange activity in European renminbi centers including London, England.
