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US managers say RMB has a long way to go

Jame DiBiasio
Fund managers in the US are sceptical that China's bond market can become a strategic allocation until the renminbi is fully convertible.
US managers say RMB has a long way to go

When it comes to foreign investment into Chinese bonds and the adoption of the renminbi as a reserve currency, most US fund managers remain sceptical, while Chinese officials seek to reinterpret what a reserve currency is.

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