Panda Bond Issuance Surges 160 Billion Yuan in First Half of 2026

PBOC reports 160 billion yuan in panda bonds issued H1 2026, with new cross-border RMB tools and payment system upgrades supporting international financial hubs.

Woofun AI data shows that the People's Bank of China convened a mid-year work meeting for 2026, confirming steady progress in high-level financial openness. The central bank highlighted optimizations for overseas lending, cross-border interbank RMB financing, and the creation of overseas central bank repurchase tools.

In the first half of the year, panda bond issuance exceeded 160 billion yuan. Significant advancements were recorded in the RMB cross-border payment system, bolstering the development of international financial centers in Shanghai and Hong Kong, alongside the Xiong'an New Area and the new western land-sea corridor.