Shanghai Aims to Revitalize Offshore Debt Market with New Subsidies

Shanghai is set to introduce subsidies for offshore bond issuers in a bid to breathe new life into the dormant market within the city’s free trade zone. The move is part of an effort to establish Shanghai as a key global funding hub, offering incentives for eligible bond issues covering legal, advisory, and banking fees. These subsidies are also expected to facilitate onshore banks in purchasing offshore bonds, fostering yuan internationalization and attracting foreign investments. The proposed subsidies, which could be subject to change, are slated to be available until the end of 2028 for bond issues exceeding 200 million…