Mainland overseas bond financing receives a boost

Led by banks and property developers, Chinese mainland's overseas bond financing exceeded that in the local market this year for the first time, Dealogic Holdings PLC data show.

Mainland companies have financed $26.1 billion by offering offshore bonds so far this year, far more than the total domestic bond financing of $21 billion in the same period, according to the United States-based financial data provider on Tuesday.

Deng Haiqing, chief economist with JZ Securities Co Ltd, said the Chinese government was putting further curbs on capital outflows, and booming outbound mergers and acquisitions could be the main reasons.