Reuters reporting from sources
- rules expected to be released soon
- proceeds of panda bonds expected to be approved for use in both onshore and offshore markets
- eligible panda bond issuers to be expanded to include international financial and non-financial institutions
PBOC is drafting new rules for yuan-denominated ,aka Panda, bonds sold by foreigners on the mainland and now looking to allow more companies to issue them
Also to be introduced is an easing of controls on how proceeds from these bonds can be used
All part of China's reform programme to make the yuan more accessible