Panda bonds' popularity sign of widespread, long-term investor confidence

By Jin Zhongxia | China Daily | Updated: 2024-11-18 10:16 China's financial market has experienced a notable upswing in internationalization in recent years. The cumulative issuance of panda bonds had surpassed 800 billion yuan, attracting top international issuers and investors and enhancing the openness of China's bond market. Panda bonds have played an important role in introducing international issuers and investors, enriching the structure of China's bond market and expanding its opening-up to the outside world. The bank will actively engage in the panda bond and related financial markets, aiming to set benchmarks for international issuers and bolster the global standing of China's financial market and Shanghai as a financial center. In the next phase, with the increasing scale of local currency bond issuance of member states, including panda bonds, and the expansion of international payment businesses, the NDB will enhance the level of relevant financial services in member states, foster the development of market tools and mechanisms, promote the opening of member states' capital markets in accordance with international practices, and improve the appeal of China's financial market and Shanghai as an international financial center.