China sells record-high numbers of panda bonds

20.11.2023

Sales of yuan-denominated panda bonds by foreign issuers in China more than doubled in October from a year earlier, official data shows, sustaining a cross-border debt boom underpinned by relatively low Chinese rates and Beijing's yuan internationalisation drive.

Panda bond issuance totalled 10.3 billion yuan ($1.42 billion) last month, compared with...