Chinese investment-grade firms plan to raise up to $15bn in Q4 offshore bonds due to Beijing's economic stimulus.
Chinese investment-grade firms aim to raise up to $15 billion in offshore bonds in Q4, spurred by Beijing's economic stimulus that includes lower lending rates. This could mark the highest offshore debt issuance for the quarter in three years. Additionally, economist Jia Kang suggests issuing up to $1.4 trillion in special debt to enhance fiscal support and boost consumption, addressing weak consumer confidence and rising debt-to-GDP ratios.
October 03, 2024
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