China’s financial institutions are issuing more internationally marketed debt than their counterparts in any other emerging economy as the rapidly evolving sector ramps up its global presence.

The splurge – in part driven by a need to comply with tougher capital requirements under Basel III rules – means China accounts for nearly a quarter of total emerging market financials’ issuance this year according to Dealogic, the data provider. Over the same period last year, the proportion was 6.1 per cent.

“China is simply moving towards its natural weight in international capital markets,” said Demetrio Salorio, global head of debt capital markets at Société Générale. “This is not just a spike – the proportion of bonds will continue augmenting as a proportion of emerging market debt.”