According to reports, the cumulative issuance of dim sum bonds this year has reached 870 billion yuan, setting a new record

According to Bloomberg data, the issuance of offshore RMB bonds has reached a new high this year, totaling approximately 870 billion RMB, surpassing last year's total. This marks the eighth consecutive year of growth.

The recent surge in RMB bond issuance is attributed to China's lower interest rates and the accelerated appreciation of the RMB, leading investors to sell off dollar assets. Keith Cheung, the debt underwriting head for Greater China and North Asia at Standard Chartered (02888.HK), stated that more international issuers are expected to issue new and reissued bonds next year, primarily due to lower interest rates and diversified financing sources