Panda Bond issuances surpass 200 billion yuan

Panda bond issuances in China increased in 2026, surpassing 200 billion yuan as of August 21, exceeding the total issuances for 2025, which were 183.56 billion yuan. The number of issuances reached 119, totaling 203.475 billion yuan, marking a significant increase compared to last year. This growth occurred amid rising confidence in the international Renminbi bond market and stability in the yuan bond market, with new countries such as Slovenia, Pakistan, Kazakhstan, and Indonesia issuing Panda bonds for the first time. Additionally, Indonesia achieved a record issuance of 7 billion yuan in Panda bonds.

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