According to Wind data, as of August 3, the amount of panda bonds issued in the interbank market since this year was 116.650 billion yuan. Up to now, the cumulative issuance scale of panda bonds has exceeded 1 trillion yuan. Experts said that in recent years, the number of issuers of panda bonds has continued to be abundant, the number of issuers has been rising steadily, continuing to be favored by internationally renowned institutions, and the depth and breadth of the panda bond market has continued to expand. According to a research report by the China Chengxin International Research Institute, the financing cost advantage is an important factor in the intensive issuance of panda bonds. “Currently, the coupon interest rate of panda bonds is significantly lower than that of US dollar bonds during the same period. By replacing existing US dollar debts, international issuers can directly reduce financing costs. This 'cost performance' advantage has increased their willingness to issue.” According to the report's analysis.

According to Wind data, as of August 3, the amount of panda bonds issued in the interbank market since this year was 116.650 billion yuan. Up to now, the cumulative issuance scale of panda bonds has exceeded 1 trillion yuan. Experts said that in recent years, the number of issuers of panda bonds has continued to be abundant, the number of issuers has been rising steadily, continuing to be favored by internationally renowned institutions, and the depth and breadth of the panda bond market has continued to expand. According to a research report by the China Chengxin International Research Institute, the financing cost advantage is an important factor in the intensive issuance of panda bonds. “Currently, the coupon interest rate of panda bonds is significantly lower than that of US dollar bonds during the same period. By replacing existing US dollar debts, international issuers can directly reduce financing costs. This 'cost performance' advantage has increased their willingness to issue.” According to the report's analysis.