EconomyYuan and Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs
Bond issuance in Hong Kong dollars and yuan across Hong Kong and mainland China is expected to keep growing through the rest of the year. A Standard Chartered executive said rising US dollar funding costs are prompting issuers to turn to other currencies for cheaper borrowing and reduce reliance on dollar bonds.
Yuan and Hong Kong dollar bonds surge as issuers seek cheaper funding amid rising US costs
Economy