Taiwan sees yuan bond market growing to 35 bln yuan in 2015

June 5, 2015 4:20 AM

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TAIPEI, June 5 Taiwan's Chinese yuan bond market will likely reach 35 billion yuan ($5.66 billion) in 2015, above the 30 billion yuan forecast earlier, as China is expected to ease rules to allow its companies and banks to issue debt overseas, the Taipei Exchange Chairman said.

The huge trade surplus between Taiwan and China and strong investor demand for foreign currency bonds would further help boost the size of the market to 100 billion yuan in 2018, the exchange's chairman Wu Soushan told Reuters in an interview late on Thursday.

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