Analysts expect panda-bond issuance to exceed CNY200 billion in 2024, as low financing costs attract overseas issuers, Securities Daily reported. As of Monday, 81 panda bonds totalling CNY142.7 billion have been issued since the start of this year, up 25% when compared to the same period last year, the Daily said. The expansion of panda bonds will improve the openness and international influence of China's debt market, and promote yuan internationalisation, the newspaper said, citing analysts.