MNI: Chinese companies' bond issuance overseas has...>

MNI: Chinese companies' bond issuance overseas has accelerated quickly this

year, and analysts expect the same next year, the Economic Information Daily

reported Thursday. Chinese companies have issued U.S. dollar-denominated bonds

worth a record $180 billion so far in 2017, a 70% increase from the same period

last year, according to Bloomberg data. The jump is partly because an increase

in financing costs in the domestic bond market. Chinese companies also seek to

raise money outside the country, an analyst said, as their exposure to the

international market has increased and they have become more familiar with

overseas bond issuance. Chinese companies now issue around 65% of all bonds in

the Asian market, and the proportion could go above 70%. Chinese bond issuance

overseas is expected to reach $200 billion. (Economic Information Daily)