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今年以来熊猫债发行规模超1000亿元
Zheng Quan Shi Bao·2025-07-11 11:29

Group 1 - The Asian Infrastructure Investment Bank (AIIB) issued 1.5 billion yuan of panda bonds starting July 10, contributing to a total issuance of over 100 billion yuan in panda bonds this year [1][2] - A total of 61 panda bonds have been issued this year, amounting to 101.2 billion yuan, which is a decrease of 13.8 billion yuan compared to the same period last year [2][3] - The issuance of panda bonds by foreign-invested enterprises has increased, with 14 bonds issued this year totaling 18 billion yuan, representing 17.79% of the total issuance [4] Group 2 - The panda bond market has seen significant growth since its inception in 2005, with annual issuance consistently exceeding 50 billion yuan since 2016, and reaching record highs from 2022 to 2024 [2][5] - The increase in panda bond issuance is attributed to a policy change in November 2022 that allows foreign institutions to use raised funds more flexibly, alongside a low domestic interest rate environment [5] - The panda bond market is expected to continue its rapid development, supported by the ongoing internationalization of the renminbi and the cost advantages of financing through panda bonds compared to developed countries [5]