Meanings of offshore renminbi in English

Even so, offshore renminbi liquidity could tighten further if depreciation gathers pace.

Waning global appetite for the currency, however, has pushed offshore renminbi yields higher.

However, the offshore renminbi market is not nearly as deep as the Singapore dollar sector.

The offshore renminbi market is only seven years old and has already surpassed that level.

Earlier in the year the TPEx emerged as one of the hottest markets for offshore renminbi bonds.

It has previously sold offshore renminbi bonds.

In the offshore renminbi market, similar government securities were quoted at 3.647-3.572 percent.

Holders of offshore renminbi deposits and yuan-denominated dim sum bonds were happy owning assets in an appreciating currency.

Demand for offshore renminbi bonds has waned since China began easing its monetary policy towards the end of last year.

In particular, the proceeds are expected to be reinvested in the offshore renminbi market, according to a statement from HM Treasury.

They added that unrated Chinese issuers could not access the US dollar market, but could access foreign investors via the offshore renminbi market.

The higher yields on offshore renminbi bonds, known as Bao Dao bonds in Taiwan, have attracted the attention of the island's insurance companies.

People familiar with the development say that CCB Singapore is interested in issuing offshore renminbi bonds after watching rival banks do the same.

Bankers on the deal said that the timing was key, as offshore renminbi liquidity had improved somewhat, as well as a solid guarantee structure.

Hong Kong's financial system has also become more intertwined with the mainland, especially as it has emerged as the premier hub for offshore renminbi business.

The offshore renminbi rallied as much as 2.6 per cent against the dollar to Rmb6.7853 (93.9 cent) for its strongest level since early November.