ATF indices remain steady amid strong PMI figures

ATF indices remain steady amid strong PMI figures

(ATF) The ATF indices closed flat to slightly positive on Tuesday, as China posted surprise Purchasing Managers Index (PMI) figures, beating forecasts. However, weak external demand coupled with uncertainty over the domestic and global Covid-19 situation could be prompting investors to bet that Beijing will take more decisive action on ...

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China local-currency bond market largest in East Asia 

China local-currency bond market largest in East Asia 

(ATF) China remains the largest local currency bond market in emerging East Asia, accounting for 76.6% of the total bond stock at the end of the first quarter of 2020, said the latest issue of Asia Bond Monitor published by the Asian Development Bank (ADB). The local currency bond market ...

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Some city banks ‘adjust returns on deposit receipts’

Some city banks ‘adjust returns on deposit receipts’

(ATF) Many commercial banks have chosen to redeem their currency funds as arbitrage space with deposit certificates narrows, Oriental Fortune News reports. Previously, money funds not only faced falling yields, as the bond market adjusted, but the yield on deposit certificates also rose. But industry insiders quoted by the paper ...

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A foreign-funded boom: Chinese bonds take 26bn yuan a day

A foreign-funded boom: Chinese bonds take 26bn yuan a day

(ATF) Foreign investors increased their holdings of Chinese bonds for 18 consecutive months, with an average daily transaction of 26 billion yuan, a record high, as of the end of May. Jing ShunHu Yi, head of Asian credit research, believes that one of the main reasons driving foreign investors to ...

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China to issue third batch of virus-control special bonds

China to issue third batch of virus-control special bonds

(ATF) China will issue a third batch of special government bonds to fund measures to control the coronavirus amid efforts to balance epidemic control with economic and social development, the Ministry of Finance announced. It will tender 70 billion yuan ($9.9 billion) of 10-year fixed-rate bonds on June 23, ready ...

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NDRC opens floodgates for corporate bonds  

 NDRC opens floodgates for corporate bonds

(ATF) The National Development and Reform Commission (NDRC) held a press conference on Tuesday June 16 at which spokeswoman Meng Wei said that corporate bond issuance has changed from an approval system to a registration system. Corporate bond issuance is “reborn”, the China Securities Journal said, lauding the reform, which ...

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More virus aid as Beijing outbreaks climb  

More virus aid as Beijing outbreaks climb  

(ATF) China will issue 100 billion yuan (about US$ 14.1 billion) of special government bonds for coronavirus control measures in a bid to balance epidemic control with economic and social development, the Ministry of Finance (MOF) said. The move came as parts of Beijing were returned to containment measures after ...

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