Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA

China and Russia to edge closer to reducing US dollar reliance with Moscow set to launch first yuan bond

  • Led by several banks including Gazprombank and China International Capital Corporation, the yuan-denominated bond could be launched this year
  • Moscow is hoping to increase interest by Chinese investors’ in Russian assets, while it will give Chinese investors another investment opportunity
Topic |   Yuan

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Chinese President Xi Jinping and Russian President Vladimir Putin met in Moscow in June. Photo: EPA
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Amanda Lee

Amanda Lee

Beijing-based correspondent Amanda Lee covers markets and the economy for the Post, with an interest in China's economic and social landscape. A graduate of the London School of Economics, she joined the Post in 2017 and has previously worked for Thomson Reuters and Forbes.