According to representatives of the New Development Bank (NDB), China's domestic bond market—thanks to abundant liquidity and a stable yuan exchange rate—is rapidly becoming a key market.
Speaking in Beijing on Tuesday, Zhongxia Jin, Director General of the NDB's Treasury and Portfolio Management Department, emphasised that low borrowing costs make the Chinese debt market "one of the most cost‑effective sources of financing in the world."
"We don't just view the Chinese bond market as a source of cheap money. We see this market as the future of local currency financing," Jin stated.
According to the bank's representative, yuan‑denominated financing provides developing countries with a natural safety net when implementing large‑scale infrastructure projects. This is particularly relevant for countries in Latin America (such as Brazil) and Asia (including India, Indonesia, and the Philippines).
As reported by Bloomberg, the New Development Bank issued five yuan‑denominated bonds in 2025, totalling 25 billion yuan ($3.6 billion). This represented the bank's highest annual borrowing since it entered the market in 2016.
#NEWS #NDB #finance
🕊🕊🕊
