Core Insights - The offshore RMB bond market is steadily entering a phase of high-quality development, with the dim sum bond market expected to exceed 1.4 trillion yuan in 2024 and further rise to 1.5 trillion yuan by September 2025, representing several times growth compared to approximately 250 billion yuan in 2021 [1] Group 1 - The growth in market size and the optimization of issuing entities and product structures indicate that dim sum bonds are becoming a significant engine for the internationalization of the RMB [1] - The development of the dim sum bond market is contributing to the establishment of a "new closed loop" for cross-border investment and financing in RMB [1] - This growth is facilitating the allocation and circulation of RMB assets on a global scale [1]