Thursday, August 02, 2012

RMB sovereign bonds purchased

Having been on the road for most of the last two and a half weeks on a very hectic schedule (three countries, four cities and more air miles than I care to think about), I took a short break from a few things, including updating this blog. That said, there wasn't much to report.

The only investment related activity (apart from a few dividends hitting the bank account) was the subscription for a small quantity of RMB sovereign bonds. These will not be a great investment (2.38% is a negative real return) but it's better than putting the money on deposit with a bank in Hong Kong and, although I could get a bit more if I opened an account across the border, the additional costs and the inconvenience of doing so would outweigh any benefits.

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