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Chinese investors are in love with U.S. dollar debt
From Bloomberg News
Sunday, November 6, 2016
Terence Cheng, a fixed-income fund manager based in Hong Kong, has never gotten so many Chinese client inquiries for overseas dollar bonds. Their questions sent over WeChat, the popular Chinese instant-messaging service, even interrupted his beach vacation in Thailand.
"I spent one to two hours on conference calls with mainland clients on WeChat almost every day," said Cheng, the chief investment officer at HuaAn Asset Management (Hong Kong) Ltd. He was similarly busy working at home when Typhoon Haima shut businesses across the city last month. "Domestic investors' demand for offshore dollar bonds is really strong."
The yuan has dropped 4 percent this year against the dollar, the most in Asia, and the prospect of further depreciation has driven Chinese investors to buy assets denominated in the U.S. currency. ...
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K92 Mining Begins Gold Production at Kainantu Mine
Wednesday, October 5, 2016
K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.
Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."
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