Chinese authorities are discouraging firms from raising money offshore at higher yields, in the latest step to clamp down on risks among municipal borrowers shouldering more than $100 billion of overseas bond debt, people familiar with the matter said.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-30/china-clamps-down-on-issuance-of-higher-yielding-offshore-debt)