The first five months of foreign issuer's release were higher than last year's.

According to Shanghai Securities, Hong Kong's light debt market is being revitalized at a time when dollar financing costs are high and global capital is seeking “safe havens”. A good debt is a renminbi-denominated bond issued in Hong Kong, which is known for its relatively small size and short annual duration at the beginning of the initial issue, such as Hong Kong-style snacks, which are “small and delicate”. According to journalist statistics from Bloomberg, in the first five months of the year, the circulation of petty debt (dismissal of trade papers) amounted to 43 billion yuan, an increase of 23.6 per cent over the previous year. The size of the debt stock in the light market is RMB 1.87 trillion. The participation of foreign institutions has increased significantly, with foreign issuers issuing over the first five months amounting to $163 billion, up from the total issued over the last year. In industry, it is expected that the number and size of foreign issuers will continue to expand, with the prospect of a gradual evolution of light debt from an “offshore financing supplement” to a central vehicle for the global renminbi asset allocation, providing a living foothold for both the internationalization of the renminbi and the opening of Chinese financial markets. (Shanghai Securities Post) Original link