1. The overseas issuance of RMB bonds refers to the large-scale issuance of government bonds denominated in RMB or bonds that repay the principal and interest in the offshore RMB market. This is not only conducive to transforming national credit into wealth and rapidly enhancing national financial resources, but also conducive to promoting the internationalization of RMB, accelerating the transformation of economic development mode and safeguarding national economic security and economic interests.

2. China's first quasi-sovereign RMB bond that landed in London market was approved by the People's Bank of China and the National Development and Reform Commission. Zhang Xuguang, vice president of China Development Bank, said that the successful issuance of bonds by CDB in London was another milestone in the development of offshore RMB market.

3. With the advancement of RMB internationalization, the offshore RMB bond market has developed rapidly, and the allocation of RMB assets by overseas institutions has continued to heat up. The 10-year bond issued by CDB is the longest-term RMB bond issued and listed in London, which is helpful to improve the yield curve of offshore RMB bonds.

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Studying and promoting qualified overseas institutions to issue RMB bonds in China is one of the key tasks of deepening the economic system reform determined by the State Council, and it is also an important measure to further open the financial market and enrich the product level of China's bond market.

With the approval of the People's Bank of China, China Association of Interbank Market Dealers (hereinafter referred to as "the Association") organized market members to carry out innovation in RMB debt financing instruments issued by overseas non-financial enterprises in the inter-bank bond market.

In the process of overseas non-financial enterprises issuing RMB debt financing instruments in the inter-bank bond market, the association organizes market members to study and learn from international mature market system rules and business practices in depth, and take market demand as the guide.

Taking specific products as the breakthrough point, it was organized and implemented under the current management framework of debt financing instruments for non-financial enterprises, and actively explored to promote the opening up and continuous innovation of the inter-bank bond market.

Baidu encyclopedia-RMB bonds

People's Daily Online-The first RMB debt financing instrument issued by overseas non-financial enterprises in China.