Indonesia considers issuing ‘panda bonds’ as China promotes renminbi debt
Beijing is stepping up efforts to expand the currency’s role in international trade and financing
Beijing is stepping up efforts to expand the currency’s role in international trade and financing

Russian ‘panda bond’ sales would be first since 2017 and reflect deepening ties between Moscow and Beijing

Planned issuance also includes debt in Europe and will test investor appetite amid concerns over government policies

Low interest rates make renminbi an attractive funding currency for multinational companies

If renminbi settlement becomes cheaper and more trade migrates, firms will have less need to generate or hold US currency

Finance minister says Eurozone country seeks deeper ties with Beijing as it seeks to hedge against US trade wars

A steady appreciation would boost domestic consumption and improve trade relations