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FOREIGN EXCHANGE | Cesar Tordesillas, China

Russian bank considers yuan-denominated bond issuance in Hong Kong

A Russian bank is considering its first issuance of yuan-denominated bonds in Hong Kong.



Vladimir Dmitriev, head of Russia's State Corporation Bank for Development and Foreign Economic Affairs, said that China has expressed support for the issuance plan.

However, he did not disclose details of the move, such as the amount and the timetable of the issuance.

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