China’s efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations, Reuters reports. Despite the yuan’s nearly 7% slump against the dollar in 2016, Chinese companies including state-owned Bank of China raised a record $111 billion in offshore dollar bonds, according to data from Dealogic, up from $88 billion in 2015. JPMorgan analysts, using their own dataset, are forecasting another rise this year, even though many economists expect the yuan to fall further, making the loans more expensive to service and repay. The list includes issuers who need dollars to pay for overseas acquisitions and deals but are unable to use their yuan after China tightened its grip on capital outflows last year to support the currency.