Debt boom signals yuan's arrival as a funding currency (www.reuters.com)
from schizoidman@lemmy.zip to world@lemmy.world on 21 Dec 02:09
https://lemmy.zip/post/55396728

Dim Sum bond sales hit record; overseas yuan loans soar

Bankers see robust demand from issuers and investors

China’s overseas bank lending has tripled in four years to 2.52 trillion yuan and sales of onshore and offshore yuan debt are at or near records for the second year running.

“I think this phase is now really more driven by fundamental interest in renminbi funding,” said Samuel Fischer, Deutsche Bank’s head of China onshore debt capital markets

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