China Development Bank to raise overseas dollar debt after PBOC relaxes rules

China Development Bank to raise overseas dollar debt after PBOC relaxes rules

FILE PHOTO: A woman takes pictures of the China Development Bank booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo/File Photo

China Development Bank said late Wednesday it plans to raise overseas dollar debt to increase onshore dollar liquidity after the country’s central bank relaxed rules last month to allow firms and financial institutions to borrow more from overseas.