Reuters scoops Bank of East Asia yuan fund raising

Reuters was four-hours ahead on May 31 with news of the latest plans for bank fundraising in China — this time a yuan-denominated bond by Bank of East Asia. Bloomberg managed to match the Reuters story only four hours later, while Dow Jones was only able to report the official confirmation of the plans that came at the end of the day. The Reuters report, which included detail of the size of the issue not mentioned in the official confirmation, was picked up widely in Hong Kong media, reflecting the level of interest in news on the expansion on yuan-related borrowing.