According to the latest data released by the People's Bank of China, China's financial market has been running smoothly since this year. In the first 8 months, panda bonds were issued a total of 213.98 billion yuan, and 29 additional overseas institutions entered the interbank bond market. Panda bonds are debt service bonds denominated in RMB issued by overseas institutions in China. They are not only an important measure to open up China's bond market, but also an important tool to broaden RMB cross-border financing channels and help the RMB internationalization process.

According to the latest data released by the People's Bank of China, China's financial market has been running smoothly since this year. In the first 8 months, panda bonds were issued a total of 213.98 billion yuan, and 29 additional overseas institutions entered the interbank bond market. Panda bonds are debt service bonds denominated in RMB issued by overseas institutions in China. They are not only an important measure to open up China's bond market, but also an important tool to broaden RMB cross-border financing channels and help the RMB internationalization process.