(China Alert) RMB credit: And so it begins
– An updated list of confirmed CIBM participants and products includes foreign managers
– These now have unrestricted access to China’s fixed income markets
Update: The China interbank bond market (CIBM) access list – institutions and products that have opened a trading account – for July was released last night. There were six foreign investors: we believe the first since RMB credit access was reformed. While the identity of most isn’t surprising – supranationals are often first in line – a number of managers and banks made the list. But the wheels are now in motion and it will be those who appear in the next quarter (there were some notable omissions by our count) that will fill in the picture of what’s to come. Z-Ben Advisors is eagerly awaiting the announcement of more participants gaining access over the coming months.
After much anticipation, the first batch of managers and funds gaining access to the CIBM …
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