China to allow Shenzhen officials to issue yuan bonds abroad

China to allow Shenzhen officials to issue yuan bonds abroad

(ATF) China’s National Development and Reform Commission (NDRC) has announced a list of pilot reforms it will test in Shenzhen, including being allowed to issue offshore bonds. The seven items on ‘the List’ relate to opening up the Shenzhen development zone, which is close to Hong Kong. They include authorising ...

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China halves yields at global bond sale

China halves yields at global bond sale

(ATF) China has priced a four-part sovereign bond to raise $6 billion to take advantage of the global hunt for yield, which has fallen by 140-150 basis points from the last issuance less than a year ago. It priced three-, five-, 10- and 30-year bonds, at yields of 0.425%, 0.604%, ...

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China bonds the new global draw

China bonds now a global draw

(ATF) While uncertainty over the US election and rising geopolitical tensions have triggered a withdrawal of global capital from emerging markets, foreign cash continues to flood into yuan-denominated bonds. By the end of September, the China Central Government Securities Depository and Clearing (CCDC) had managed 2.6 trillion yuan ($385 billion) ...

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China taps bigger investor pool with benchmark bonds

China taps bigger investor pool with benchmark bonds

(ATF) China is returning to the global bond market in what has become an annual event, to establish a benchmark for its hordes of corporate issuers that are tapping international investors. This time the sovereign issuance is targeted at a bigger pool of investors and includes the longest-dated bonds China ...

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Covid highlights the need for bond investors to focus on sustainability

Covid highlights need for bond investors focus on sustainability

(ATF) The Covid-19 pandemic is a clear warning on the debilitating impact that environmental risks can have on economies and businesses, which traditional risk models have not been able to predict or assess. The vulnerabilities of certain sectors, such as aviation and tourism, have been laid bare, while others, such ...

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Green shoots growing on the debt market

Green shoots growing on the debt market

Green bonds – debt taken on to finance projects with environmental benefits – hit a record last month with $50 billion issued, as more and more companies and governments turn to the instruments. Adidas, French electricity firm EDF and telecoms firm Orange, along with the nations of Germany, Egypt and ...

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New-style ETFs stir pre-holiday excitement

New-style ETFs stir pre-holiday excitement

(ATF) China’s A-share market volatility has has intensified going into the third quarter, and the wait-and-see sentiment of funds on the market has quietly increased. Stockholders who hold currency and are waiting for the right time to trade in order not to let the funds "run into accounts", usually buy ...

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