China to waive panda bond fees through 2028 to bolster global yuan debt market

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China has unveiled plans to waive issuance and servicing fees for panda bonds, adding fresh policy support to a market that has seen a surge in foreign borrowers seeking yuan funding amid a global “de-dollarisation” trend.China Government Securities Depository Trust and Clearing – the state-backed depository and clearing house serving much of China’s interbank bond market – said in a notice seeking public comment on Monday that the proposed measures would take effect from September and run...