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

Yuan 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.