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Economic Watch: Panda bond surge signals China's onshore market appeal

 Panda bond issuance in China has recorded rapid expansion so far this year, as lower financing costs and a steadily opening onshore market draw growing interest from global issuers. bAs of Sept. 17, the issuance of the Chinese currency renminbi-denominated debt securities has surpassed 240 billion yuan (about 35.6 billion U.S. dollars) across 135 issues, up 81 percent and 65 percent, respectively, from a year earlier, according to Shanghai-based data provider Wind Information. [...]