Hong Kong $1.5 Billion Fund Bets 2020 Is ‘Year of the Renminbi’
- Gavekal Capital is betting on 10% return in China’s bonds
- Fund buys Macau casinos as capital controls see easing
Pedestrians walk under lanterns ahead of the lunar New Year in Hong Kong.
Photographer: Isaac Lawrence/AFP via Getty Images
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The year of the rat, soon to be kicked off after China’s lunar New Year, is lining up to be a strong year for China’s currency and its government bonds.