Source: China – South China Morning PostChinese companies will increasingly shift towards offshore yuan bonds and away from US dollar bonds for their offshore financing, according to panellists at S&P Global Ratings’ China Credit Spotlight forum on Wednesday.
Over the next five years, Chinese companies will issue more offshore bonds to fund their expansion overseas, but “it doesn’t necessarily have to be in the US dollar space, it can well be in the [offshore yuan] space,” said Hua Cheng, senior vice-president and director of Asia…Read More