Corporate bond applications can be extended till mid-2021

Corporate bond applications can be extended till mid-2021

(ATF) The General Office of the National Development and Reform Commission (NDRC) issued a notice on its website saying there is a uniform extension of the validity period for approval and approval documents for corporate bonds. The commission said the move is a part of its key role, which aims ...

Continue reading

China 'green bonds' getting makeover to meet global standards

China 'green bonds' getting makeover to meet global standards

(ATF) In the first half of the year, China's green bond issuance exceeded 100 billion yuan (about $14.3 billion). A total of 136 domestically labelled green bonds were issued in China up to June 30, with a total scale of 109.55 billion yuan, according to the Economic Reference News, which ...

Continue reading

Fourth batch of coronavirus-control bonds readied

Fourth batch of coronavirus-control bonds readied

(ATF) China will issue the fourth batch of special government bonds for coronavirus control amid efforts to balance epidemic mitigation with economic and social development, the Ministry of Finance said Thursday. The 10-year fixed-rate bonds, worth 70 billion yuan ($10bn), will be available for tenders on July 15 and become ...

Continue reading

Key events in China's bond market in June 2020

Key events in China's bond market in June 2020

(ATF) According to the official WeChat public account of the People's Bank of China on July 3, the current balance of the Chinese bond market is 108 trillion yuan, ranking second in the world. As of the end of June 2020, nearly 900 foreign legal entities from more than 60 ...

Continue reading

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 ...

Continue reading

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 ...

Continue reading

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 ...

Continue reading