Shanghai Plans Subsidies to Revive Offshore Debt Market
Shanghai is planning financial subsidies for offshore debt issuers in its free trade zone. The initiative aims to revive a dormant market and attract foreign participation with fee rebates.
Xurve View
Insights:
Xurve View
China plans subsidies of up to 2.2 million yuan ($327,000) per issue to kick-start its dormant offshore debt market. The initiative targets foreign issuers within Shanghai's free trade zone to boost global currency adoption. The offshore bond market launched in 2016 but failed to attract meaningful foreign participation beyond domestic borrowers.
