You are here

Panda bond market finally looks set to move past its publicity phase

GLP, which has large business operations in China, stands apart from most earlier panda issuers in that it has a real need for Chinese yuan to support its business in the mainland.

Hong Kong

THE panda bond market, part of China's drive to open its domestic capital markets by encouraging foreign firms to issue onshore bonds denominated in yuan, may finally be on the verge of serving its intended purpose after a long spate of deals done largely for publicity reasons