“The flood of Chinese money pouring into Hong Kong stocks has had a spillover effect: rescuing the city’s flagging yuan bond market. Southbound flows through the Shanghai-Hong Kong equities link exceeded those headed to the mainland by more than 30 billion yuan ($4.8 billion) this month, swelling the offshore supply of China’s currency. As banks in the former British colony take in more yuan, they’re reducing deposit rates, making Dim Sum debt yields more attractive to investors. Hong Kong’s Hang Seng Index has jumped 11.6 percent this month after China made it easier for mainland funds to use the cross-border link to buy stocks.”
Related posts:
Miami police officers caught on camera allegedly ignoring 911 calls, report says
Nine current and former Philadelphia Traffic Court judges charged in probe
CEOs behind new exchange system talk Bitcoin
Holder promises not to pursue death penalty against Snowden
John McAfee reveals details on gadget to thwart NSA
Delta and Virgin Atlantic venture gets tentative immunity from antitrust laws
Large manufacturers begin moving production back to the United States
Spanish spy chief to address Parliament on spying
Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil
Sessions rescinds Obama-era directive that eased federal marijuana enforcement
Police restrain crowd from taking food to be thrown away after supermarket eviction
U.S. commodity regulator faces court challenge over attempt to regulate cryptocurrency
Fidelity halts bitcoin investments from IRAs
Separatists chant ‘Death to Belgium’ at country’s new royal couple
In one Florida county, nicotine is a banned drug