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Yield-hungry investors dig into offshore Chinese debt

Reuters  |  HONG KONG 

By Noah SinHONG KONG (Reuters) - At BEA Union Investment in Hong Kong, Pheona Tsang is getting creative. The head of fixed income is planning to fill 10 percent of a yuan-focused portfolio this year with U.S. dollar bonds, sold by Chinese companies outside of the mainland market.She is not alone. Many money managers are being enticed by the same bonds, whose yields have been steadily rising thanks to years of rate hikes by the Federal Reserve.These dollar bonds in December yielded an average of 6.7 percent, 2.8 percentage points above their onshore equivalents, after lagging their onshore ...

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First Published: Wed, February 13 2019. 13:59 IST
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