Panda bonds to help RMB expand footprint

An employee counts 100 Chinese yuan banknotes at a bank in Hefei, Anhui province. - Reuters

Increased interest in panda bonds, spurred by China's low interest rates and supportive policies, will help promote the internationalization of the renminbi, experts said on Monday.

Panda bonds are yuan-denominated bonds issued by overseas institutions in the Chinese onshore market.