Everyone's jumping on the panda 'bondwagon'

Fast approvals, investor interest, ample liquidity attract foreign issuers of yuan-denominated debt to China market

Adorable giant pandas typically come in binary black-and-white color scheme but bonds named after them are more vibrant and adding depth to China's bond market, the world's third largest, industry insiders said.

Just as China gifts or loans pandas to friendly countries to deepen bilateral ties, panda bonds are helping fortify local financial markets' bonds with global counterparts, they said.