Alternatives
Investments in the renminbi should be long term, banker
The time will come when all family offices have a renminbi bond in their portfolio, but there is a need to take a long-term approach to any investment in the Chinese currency.
That’s the view of Geoff Lunt, investment director of Asian fixed income at HSBC, who said the ongoing internationalisation of the renminbi and China’s plans to make it a reserve currency will mean that there will be growing interest in the renminbi over the next few years.
But as the move to reserve currency status could take up to 20 years, he said the renminbi is not “for the opportunistic market”.
