Data compiled by Bloomberg showed that China companies issued a total of US$7.77 billion in U.S. dollar bonds in October, more than doubling year-on-year. This momentum continued this month, with Alibaba planning to issue U.S. dollar notes for the first time since 2021, and companies such as Fosun International also issuing such notes in November. Last week, China's Ministry of Finance issued the first overseas U.S. dollar sovereign debt in three years.
Data compiled by Bloomberg showed that China companies issued a total of US$7.77 billion in U.S. dollar bonds in October, more than doubling year-on-year. This momentum continued this month, with Alibaba planning to issue U.S. dollar notes for the first time since 2021, and companies such as Fosun International also issuing such notes in November. Last week, China's Ministry of Finance issued the first overseas U.S. dollar sovereign debt in three years.
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