To tackle excess debts, some of Chinese companies take an approach of issuing overseas debts to raise funds. According to Anbound financial researchers, the issuance of overseas debts by Chinese companies during January to April in 2018 has reached US$87 billion, 2.8 times more than the same period last year. It is worth noting that the "local financing platforms" subordinated to local governments are also channels for issuing overseas debts since 2018, through Qinghai, Xinjiang, Zunyi City in Guizhou and alike. Such kind of financing abroad also increased the leverage on domestic assets and operations that still need to pay the debts. In the context of greater rigidity and impact of external debt defaults, potential risks cannot be underestimated. There are worrisome among major foreign banks who believe the bond market may be affected if credit risks expand on local financing platforms.