Hard-to-Get Bonds Hand Quick 20% Returns to China Insiders
Chinese 100 yuan banknotes. (Photographer: Paul Yeung/Bloomberg)

Hard-to-Get Bonds Hand Quick 20% Returns to China Insiders

(Bloomberg) -- In China’s red-hot convertible bond market, big investors are using their privileged access to deals to flip newly issued securities for gains of 20% or more.
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