Chinese companies scramble to issue epidemic prevention bonds

The new coronavirus epidemic has triggered a wave of bond issuance in China, with financial institutions and companies scrambling to issue bonds at low interest rates. Since early February, more than 150 Chinese companies, including manufacturers, airlines and real estate developers, have raised more than RMB 237 billion in total through the issuance of so-called epidemic prevention bonds.

New virus outbreak triggers rising Chinese bond prices

Long-term Chinese bond yields have fallen to their lowest level in more than three years. The background is that investors are betting that the new coronavirus epidemic will lead to a further slowdown in economic growth and loosening of monetary policy.

PBOC announced a net investment of 150 billion yuan through reverse repurchases on Monday and cut interest rates by 10 basis points

In order to hedge the repurchase expiry and maintain reasonable and sufficient liquidity in the banking system during the special period of epidemic prevention and control, the People's Bank of China launched a large-scale capital injection on Monday and lowered the reverse repo rate.

Vulture investors target China's non-performing loan market

PricewaterhouseCoopers estimates that in the past few years, global investment companies have invested more than $ 3 billion in China's non-performing commercial loans.

Qinghai Investment Group becomes the first Chinese company to default on US dollar debt this year

Standard & Poor's Global Ratings said that Qinghai Investment Group failed to pay interest on a $ 300 million principal bond on Friday, with a total interest of $ 9.6 million, making it the first Chinese company to default on a US dollar bond this year.

China Evergrande intends to issue 2 billion in USD bonds

China Evergrande Group will issue no more than US $ 2 billion in U.S. dollar-denominated bonds to seize the opportunity of this year's high-yield real estate bond issuance activity.

Chinese central bank official: there is room for further RRR reductions

Ruan Jianhong, director of the Department of Investigation and Statistics of the People's Bank of China, pointed out that from an international perspective, the proportion of China's statutory deposit reserves in the base currency is at a relatively high level and may be adjusted further.

Chinese state-owned dollar bonds face risk of writedown

China's large state-owned enterprise Tianjin Property Group requires investors to accept a write-down of a large dollar debt. Investors who hold USD bonds issued by other Chinese companies may have more trouble.

UBS trader leverages on China's junk bond market

UBS Hong Kong-based trader Kelvin Zhao has made a fortune for the Swiss bank in the Chinese company's junk bond market this year.

China launches largest dollar bond issue ever

The $ 6 billion deal saw strong demand, suggesting that investors are eager to lend money to China despite the challenges of slowing economic growth and trade frictions with the United States.

China sets guidance price for upcoming USD bonds

According to the latest news provided by a participating bank on Tuesday, China has set a guide price for the issuance of billions of dollars in dollar-denominated bonds.

Chinese blue chip companies drive global debt issuance

Countries and companies around the world have increased the issuance of new debt, despite the recent political turmoil in the United States, China and Europe that has impacted both the stock market and the bond market. According to the S&P global rating data, global new bond issuance totaled 4.6 trillion US dollars from January to August this year, an increase of 12% over the same period last year.

Ping An and Queensland Investment Corporation launch the first Chinese corporate bond UCITS fund

The first product QIC-Ping An China Corporate Bond Fund, which was jointly operated by Ping An Asset Management of China Ping An 601318 and Australian Asset Management Agency Queensland Investment Corporation (QIC), was officially released globally. The fund aims to select Chinese corporate bond investment opportunities for global investors and enjoy the development dividends in the Chinese bond market.

China’s central bank issued RMB central bank bills in Hong Kong for the fifth time in the year

The People's Bank of China announced on Friday that it will launch the issuance of offshore RMB central bank again, and the offshore RMB rise.

China sets the 1-year LPR to 4.20%, which is 5 basis points lower than the previous value

The second pricing after the reform of the Chinese loan market quotation rate (LPR) pricing mechanism was released on Friday morning, with 4.00% and 4.85% for 1 year and 5 years, respectively. Among them, the 1-year LPR is 0.05 percentage points lower than the previous value. The market has already lowered its expectations for this LPR downgrade.

Hong Kong Stock Exchange Offers to Buy London Stock Exchange

Hong Kong Exchanges and Clearing Limited says it has made a proposal to the board of LSE to combine the two companies.

Fitch Ratings downgrades China’s Economic growth forecast

China’s economic growth is expected to slow down to 5.7% from 6% in 2020, according to the Ratings.

JPMorgan Chase will include Chinese government bonds in its flagship index

JPMorgan Chase & Co. (JPM) plans to include Chinese government bonds in its widely-recognized index, marking the latest recognition of Chinese assets by foreign investors and possibly attracting more foreign capital into the Chinese market.

ABS cumulative scale exceeds 3 trillion

The asset securitization business in China becomes contrarian and the ABS issuance scale exceeds 3 trillion mark......