China is going global, and so is its currency. The renminbi officially entered the International Monetary Fund’s basket of global reserve currencies on October 1, and barely a week goes by without talk of major reforms to open some aspect of the country’s capital markets to the world. While questions linger over the direction of the renminbi against the US dollar – following last year’s shock devaluation – global interest in Chinese bonds is building. In a yield-starved world, the onshore market offers positive interest rates that are widely...Read more