Offshore RMB bond issuance hits record $146bn in 2026

Issuance of dim sum and panda bonds has surpassed $146bn year-to-date, a record high, signaling robust demand for renminbi-denominated assets. This reflects growing international use of the RMB and investor appetite for Chinese debt amid global rate dynamics. The trend underscores China's gradual financial opening and could influence offshore funding costs and currency flows.