EconomyWall Street pours into Hong Kong dim sum bonds despite waning yuan funding edge: BofA
Hong Kong’s offshore yuan bond market is becoming a more important funding source for global banks, with US lenders driving a surge in issuance even as the yuan’s traditional cost advantage over the dollar narrows. For US banks, access to Chinese capital is increasingly the draw, rather than cheaper borrowing.
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South China Morning Post★★☆☆☆2026-10-23 00:00Original
Wall Street pours into Hong Kong dim sum bonds despite waning yuan funding edge: BofA
Economy