Panda bonds issued 136.5 billion yuan in the first five months of this year, with the full-year issuance expected to hit a record high.

With the rise of China's international economic status, the trend towards diversification of international currencies is becoming increasingly apparent. More and more market entities are willing to use the Renminbi, and the issuance of Panda bonds has significantly increased in popularity. It is reported that in the first five months of this year, Panda bonds issuance reached 136.5 billion yuan, accounting for 74% of the total amount last year, which is 1.9 times that of the same period last year. The issuance scale for the whole year is expected to reach a historical new high.