Shanghai positions itself for panda bond reboot

Chinese authorities are setting up a platform that will allow foreign issuers to access the country's domestic capital markets in the Shanghai free trade zone (FTZ), in what could be a reboot of the panda bond market that was created in 2005. Details are scarce, but the proposal would fit in with the overarching plan for Shanghai to become an international financial hub on a par with Hong Kong by 2020.