Researches & Commentaries

2020H1 China’s LGFV Bond Market Review and Outlook: As Financing Regulation Loosens and Market Recovers, Faith in LGFV May Further Diverge

2020H1 China’s Macroeconomic Analysis: Pressure from Three Aspects Increases, Policies Need to Keep Balance between Two Difficulties

Special-Purpose Bonds for Fighting COVID-19 Grow Steadily, Diversified LGFV Bonds Hedge against Risk

CCXI & CCXAP Weekly Series: Cross-border Bond (2020 Issue 28)

CCXI & CCXAP Weekly Series: Cross-border Bond (2020 Issue 27)

2020H1 China’s Local Government Special Bonds Review and Outlook: RMB2 Trillion Special Bonds Go to Infrastructure Construction and More to Be Expected in 2020H2 to Maintain Stable Growth

2020H1 China’s Monetary Policy and Government-backed Bonds Review and Outlook: Yields Have Hit Lows under the Loose Monetary Environment for Pandemic Control and might Go Up as Monetary Policy Becomes Normalized

2020H1 China’s Onshore Credit Bond Market Review and Outlook: Credit Bonds Are Expected to Issue RMB7.5 Trillion in 2020H2, with Yields Lingering around Lows

2020H1 China’s Onshore Bond Market Credit Risk Review and Outlook: Bond Default Risk May Rise in 2020H2, with Default Rate to Rebound to Around 0.75%