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
    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.