Showing posts with label Global Trade Currency. Show all posts
Showing posts with label Global Trade Currency. Show all posts
Monday, November 20
China Is Second Biggest Trade Currency
SHANGHAI/SINGAPORE, Nov 17 (Reuters) - Global companies are making a beeline for China's debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalizing on rock-bottom yuan interest rates as funding costs elsewhere jump.
Companies and banks are raising record amounts of cash through yuan bonds issued in mainland China and in Hong Kong, known as panda and dim sum bonds, respectively. READ MORE...
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