China Emerges as Debt-Funding Hub for Foreigners During Iran War

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Yuan bond issuance by foreign borrowers has surged in mainland China this month, eclipsing the momentum of such fundraising offshore and highlighting the appeal of a vast local market less affected by the Iran war.So-called panda bonds issued by overseas entities in China’s onshore market have more than tripled on year to 27.8 billion yuan ($4 billion) in March, set for a record for the month, data compiled by Bloomberg show.