Lu Jiawen, head of the Greater China region of the UBS Bonds Capital Market Department, said that this year, the amount of issuance and trading activity in the convertible bond market outside of China set a record, benefiting from the improvement in the stock market and the reduction in corporate financing costs; if the market maintains a good trend next year, the issuance volume is expected to continue to grow. Technology companies were active in issuing overseas bonds this year. High-investment technology companies such as Baidu, Tencent, and Meituan all issued them, and investors are more interested in subscribing; part of the capital raised was used for AI R&D, business development, and overseas development, and future demand may continue. Some real estate companies face the expiration of foreign bonds next year and may consider returning to the overseas bond issuance market; the choice of issuing currency depends on the issuer's currency needs and market conditions, and controls the overall average interest rate.

Lu Jiawen, head of the Greater China region of the UBS Bonds Capital Market Department, said that this year, the amount of issuance and trading activity in the convertible bond market outside of China set a record, benefiting from the improvement in the stock market and the reduction in corporate financing costs; if the market maintains a good trend next year, the issuance volume is expected to continue to grow. Technology companies were active in issuing overseas bonds this year. High-investment technology companies such as Baidu, Tencent, and Meituan all issued them, and investors are more interested in subscribing; part of the capital raised was used for AI R&D, business development, and overseas development, and future demand may continue. Some real estate companies face the expiration of foreign bonds next year and may consider returning to the overseas bond issuance market; the choice of issuing currency depends on the issuer's currency needs and market conditions, and controls the overall average interest rate.