Onshore renminbi bonds are poised to become the next big thing in the global capital markets, as international investors brace for index inclusion and issuers embrace the Panda bond market as an alternative source of funding. While China has rolled out the red carpet, however, international participants appear to be holding back. Changes to Chinese regulations, including enhancements to the Bond Connect trading link and the publication of long-awaited Panda bond guidelines, have opened up new opportunities for global market participants. But...Read more