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.

Singapore-listed Global Logistic Properties is eyeing offerings of panda bonds to strengthen its market position in the country after securing a number of deep-pocketed Chinese strategic investors in 2014.