China is boosting efforts spread the yuan as it sells a record $7.5 billion in offshore bonds this year

• China will sell a record amount of yuan-denominated sovereign bonds overseas this year, Bloomberg data shows.
• China's Ministry of Finance will issue $3.6 billion of the bonds this quarter in Hong Kong.
• That will bring the annual total to the yuan equivalent of $7.5 billion, the most since is started issuing offshore yuan debt in 2009. 

China is on pace to sell a record amount of offshore yuan-denominated sovereign bonds this year, according to Bloomberg, a move that will help boost up the currency's strength and influence abroad.