Chinese borrowers are extending their position as the biggest issuers of dollar-denominated bonds in Asia, as China Construction Bank Corp. offers notes in the currency.
The U.K.’s pending agreement to appoint a clearing bank for transactions in yuan will be a boon for businesses as it stimulates trade between the two countries, according to the City of London Corporation.
China’s stocks fell, dragging the benchmark index down by the most in about a month, after foreign direct investment in the country unexpectedly declined.
Options traders are turning bullish on China’s biggest lenders, betting that a revival in Asia’s largest economy and government growth measures will lift the shares from near record-low valuations.
China’s banking regulator vowed to expand loans and cap borrowing costs, seeking to boost the supply of funds to the real economy as growth slows amid a clampdown on shadow financing.