Mismatch between yuan exposure and debt suggests room for cheaper financing, according to Standard Chartered
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Global companies could cut funding costs by up to 2% a year by increasing their use of Chinese yuan in corporate financing to better match their trade and operating exposure to the currency, according to a report by Standard Chartered.
Beijing aims to increase the use of its currency overseas as trading in US dollar assets becomes increasingly volatile.
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Foreigners held US$606 billion worth of Chinese bonds in May, or about 3 per cent of the local-currency debt market.
