Goldman Leads Record US Bank Borrowing in Renminbi
europeanbusinessmagazine.com
US banks led by Goldman Sachs have borrowed a record Rmb47.5bn in dim sum bonds this year as wall street goes for renminbi

cross-posted from : https://lemmy.zip/post/63263305

US banks led by Goldman Sachs have borrowed a record Rmb47.5 billion in offshore renminbi debt so far in 2026, with Goldman accounting for the majority of self-led issuance, the Financial Times reported this morning.

Deutsche Bank placed the largest single panda bond ever issued by a foreign bank in March 2026 at Rmb5.5 billion

  • Dr. Bob@lemmy.ca
    3·
    10 days ago

    It’s been explained to me that renminbi vs yuan is the same as cash vs dollar. The dollar and yuan is the currency. Cash and renminbi is the concept of money

    There is another comment that explains this much more clearly.

      • Dr. Bob@lemmy.ca
        1·
        10 days ago

        I think we are saying the same thing. They just explained it better. Renminbi is conceptual, yuan is physical. I could be wrong then. It’s been 20 years since I learned it and haven’t needed that nugget.