Banque de France ‘is active’ in onshore renminbi market

renminbi-notes

The Banque de France is investing in Chinese government bonds through the onshore renminbi market, Philippe Mongars, deputy director of market operations at the central bank, revealed today.

Mongars told an audience at the National Asset-Liability Management conference in London that the offshore market "is not a natural habitat" for central banks to invest their reserves in as it is dominated by corporate bonds.

The Banque de France has, instead, negotiated an agreement with the People's Bank o

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: