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

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...