Issuers abroad issued more bonds in the first five months than in the entire previous year, as foreign capital enters the market and boosts the popularity of point-to-heart bonds.

At a time when the cost of U.S. dollar financing is high and global capital is seeking a "safe haven" for funds, the dim sum bond market in Hong Kong is showing new vitality. Dim sum bonds refer to Renminbi-denominated bonds issued in Hong Kong, named after the small and exquisite size of dim sum in Hong Kong. According to data from Bloomberg, the issuance of dim sum bonds reached 430 billion yuan in the first five months of this year, an increase of 23.6% year-on-year. The total outstanding amount of dim sum bonds in the market is 1.87 trillion yuan. Foreign institutions have significantly increased their participation, with foreign issuers issuing 163 billion yuan in the first five months, exceeding the total issuance for the whole of last year. Industry insiders predict that the number and scale of foreign issuers will continue to expand, and dim sum bonds are expected to evolve from "offshore financing supplements" to core vehicles for global Renminbi asset allocation, providing a lively punctuation for Renminbi internationalization and the two-way opening of the Chinese financial market.