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2026-07-15 17:06:12
[Latest Response from the People's Bank of China Regarding Panda Bonds] The State Council Information Office held a press conference to introduce the implementation of monetary policy and financial statistics for the first half of 2026 and answer questions from reporters. At the conference, a relevant official from the People's Bank of China explained that Panda bonds are RMB bonds issued in China by foreign governments, international development institutions, and large multinational corporations. In recent years, the RMB has been used more extensively in cross-border trade, investment, and financing, leading to increased demand for RMB financing from overseas entities. Against this backdrop, the People's Bank of China, adhering to the principles of marketization, rule of law, and internationalization, has optimized mechanisms for registration, issuance, information disclosure, and fund utilization to provide a stable institutional environment for overseas issuers to participate in the Panda bond market and facilitate financing for overseas institutions. In the first half of 2026, Panda bond issuance exceeded RMB 160 billion, a year-on-year increase of 69%. As of the end of June 2026, cumulative Panda bond issuance exceeded RMB 1.3 trillion, with more than 110 issuers covering 24 countries and regions across five continents: Asia, Europe, Africa, South America, and North America. (CCTV)
