Researches & Commentaries

2021 Chinese Offshore Bond Market Defaults Research

Tail Risks Continue to Be Exposed amid the Weakened Economic Recovery and the Still Mounting Maturity Pressure Raises Credit Risks Marginally

Tail Risks Get Increasingly Exposed in the Context of Credit Stratification and the Annual Default Rate in the Public Offering Bond Market Is Expected to Reach 0.70%-0.80%

Transfer of collection responsibility of land transfer income to tax department aims to normalize local fiscal income and expenditure

Credit Risk is Generally under Control but Still under Exposure Pressure, and Three Types of Credit Risk Should be Watched

Centralized land supply policy will accelerate credit divergence of real estate companies

Default Rate of the Public Offering Market Is Expected to Rise to 0.70-0.80% in 2021, and Investors Should Pay Attention to Three Credit Risk Types

Chinese Offshore Bond Market Defaults Research

Credit Risks May Continue to Rise and Default Rate May Rebound to 0.70% in Q4