Death by a thousand cuts originated in China. For investors in renminbi assets, it is staging something of a comeback. Since mid-August last year, when China allowed its currency to weaken by 2 per cent in one day, the renminbi has slipped 6 per cent. On Monday, China’s finance ministry confirmed that it would sell Rmb3tn ($458m) of renminbi bonds in London in the largest offshore listing since 2011. The outlook for the currency will be a significant factor for potential buyers.
“凌遲處死”起源于中國。人民幣資產的投資者似乎嘗到了這種極刑的滋味。自去年8月中旬中國讓人民幣在一天內貶值2%以來，人民幣匯率累計已經下跌6%。周一，中國財政部證實將在倫敦發行30億元人民幣（合4.58億美元）債券，這將是自2011年以來最大的離岸債券發行。對潛在買家來說，人民幣前景將是一大考慮因素。
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