Goldman Sachs leads record renminbi borrowing by US banks
Bank joins ‘frenzy’ as China’s low interest rates draw in more foreign issuers
Bank joins ‘frenzy’ as China’s low interest rates draw in more foreign issuers

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

Central bank fixes currency at highest level against dollar in 15 months

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

Beijing’s push will speed moves to multi-polar monetary system, analysts say

PBoC makes it cheaper for traders to bet on weakening currency amid concerns about rapid appreciation

A steady appreciation would boost domestic consumption and improve trade relations