Researches & Commentaries

Circular No. 105 clears the requirements for withdrawal from the LGFV list, and it is necessary to pay attention to the risk evolution of LGFV on and off the list

Focus of Asset Allocation Shifts from Commodity to Equity amid the Structural Recovery of the Chinese Economy from Another Bottom-out

RRR Cut in H2 2022 Expected to Drive 10-year CGB Yield up Slightly to Around 2.9%

Growth Stabilization Policies Bolster the Ebbing Economic Recovery under Triple Pressure

Accelerating Issuance of Local Government Special Bonds under Cross-cyclical Adjustments, Forestall Risks in Front-loaded Spending under Growth Stabilization Policy

Yield of 10-year China Government Bond May Fluctuate with a Low of About 2.7% in 2022

Look for Structural Opportunities in Risk Assets amid Slowing Economic Recovery under Supply-Demand Imbalance

Yield of 10-year Government Bonds might Fluctuate Around 2.9%-3.0%

Local Government Special Bond Issuance Gained Pace amid Cross-cyclical Adjustments, Land Market Chill to Weigh on Local Public Finance