Xin Hua Cai Jing·2026-01-08 11:59Group 1 - The core viewpoint of the news is that China Galaxy Securities has launched a new product called "Galaxy Securities Offshore Bank Panda Bond Basket" to facilitate efficient investment in panda bonds [1] - The product integrates high-quality financial bonds from offshore entities and aims to provide investors with a convenient tool for panda bond allocation [1][2] - The launch aligns with the current policy direction of promoting high-level financial openness and the internationalization of the Renminbi [2] Group 2 - The bond basket includes three bonds, each with a face value of 1,000 million yuan and a weight of 33%: ICBC Asia Bond, CCB Asia Bond, and New Development Bank Bond [2] - The basket is designed to select bonds with high credit ratings and good market liquidity, covering various offshore issuers [2] - The dynamic adjustment mechanism of the basket will update sample bonds based on market quotes, transaction activity, and investor demand to maintain its relevance [2] Group 3 - China Galaxy Securities is one of the early participants in the creation and quoting of bond baskets in the interbank market, having launched a total of 20 bond baskets covering various types of bonds [3] - The continuous deepening of China's bond market opening has led to steady development in the panda bond market, with increasing innovation in related financial products [3] - The emergence of standardized basket products is believed to enhance the liquidity and price discovery efficiency of related bonds, further promoting cross-border financing cycles of the Renminbi [3]