World News
Chinese Bonds Become Source of Cheap Money for Global Borrowers
Key Points
Chinese Bonds Become Source of Cheap Money for Global Borrowers China is letting a wave of cheap money flow across its borders, turning the country into a rare source of low-cost funding for foreign borrowers. Regulators have approved the proceeds from more than 40% of panda bonds sold so far this year to be taken offshore, the highest share on record, according to data compiled by Bloomberg. That amounts to as much as 130 billion yuan ($19 billion), also an all-time high.
Chinese Bonds Become Source of Cheap Money for Global Borrowers
China is letting a wave of cheap money flow across its borders, turning the country into a rare source of low-cost funding for foreign borrowers.
Regulators have approved the proceeds from more than 40% of panda bonds sold so far this year to be taken offshore, the highest share on record, according to data compiled by Bloomberg. That amounts to as much as 130 billion yuan ($19 billion), also an all-time high. Panda bonds are yuan-denominated bonds issued in mainland China by overseas borrowers.