Brazil To Launch Chinese Yuan Bonds After BRICS 2025 Summit
Brazil, which chairs the BRICS 2025 summit is eyeing to launch Chinese yuan-denominated panda bonds in the Asian markets. President Luiz Lula da Silva looks to launch the panda bonds as early as this year to strengthen trade and investments with Asian powers. The 17th BRICS summit is scheduled to be held in Brazil’s Rio de Janeiro in July and more details about the Chinese yuan-denominated bonds could be revealed next month. The move would make China reap the rewards of the changing dynamics of the financial sector. Also Read: BRICS Will Meet in July To Unveil Most Ambitious Plan: US Congressman Analysts state that Brazil intends to launch panda bonds to secure greater investments from China and other Asian countries. Brazil is using the situation for its benefit to receive new deals in return after the Chinese yuan bonds go live this year after the BRICS 2025 summit. “In many cases, I would think of (panda bonds) as a diplomatic move rather than a financial one,” said Graham Sto...