China to Reopen Bond Market to Russian Energy Firms, FT Says
A worker at the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia gas pipeline, in the Sakha Republic, Russia.
Source: Bloomberg
China is moving to reopen its domestic bond market to top Russian energy companies, signaling closer economic and diplomatic ties with Moscow, the Financial Times reported, citing two people familiar with the matter.
Top Chinese regulators told Russian energy executives at a late August meeting in Guangzhou that they would back plans to issue renminbi-denominated “panda bonds,” the people told FT.