June 27, 2022
|Govt. Bond Yields||Latest Yield||Previous Day||Previous Week||YTD|
|2 Year||2.283||▲ 3.2||▲ 2.9||▼ 7.5|
|5 Year||2.658||▲ 4.5||▲ 6.5||▲ 7.5|
|10 Year||2.830||▼ 1.9||▲ 0.2||▲ 5.1|
* Government bond yield changes are expressed in basis points.
|Currencies||Latest Rate||Previous Day||Previous Week||YTD|
|CNY per USD||6.692||▼ 0.0||▲ 0.0||▼ 5.3|
|CNY per JPY||0.049||▲ 0.1||▲ 0.3||▲ 10.6|
* Exchange rate changes are expressed as a percentage change.
|Interest Rates||Latest Rate||Previous Day||Previous Week||YTD|
|No data available for this market|
|Policy Rates||Latest Rate
Lending Facility Rate
* Policy rate changes are expressed in basis point change.
|Regional Rating Institutions|
|Non-Regional Rating Institutions|
Published by the ASEAN+3 Bond Market Forum (ABMF) in collaboration with the ADB as its secretariat, the two-volume guide contains detailed information on bond market infrastructure; transaction flows, including information on matching, settlement cycles, and numbering; and the regulatory framework and market practices in the Peoples's Republic of China (PRC). View Report
|* Download previous issues PDF|
Between 28 February and 15 May, local currency government bond yields in the People’s Republic of China (PRC) were marginally changed. Bond yields fell for all maturities of 1 year or less, shedding an average of 11 basis points, and for the 30-year tenor, which slipped by 1 basis point. Marginal yield movements in the PRC is reflective of the overall weakness of its economic recovery as a result of the lockdowns to contain the spread of the coronavirus disease in several cities.
The local currency bond market in the PRC continued to expand and reached a size of CNY118.9 trillion (USD18.8 trillion) at the end of March. Overall growth moderated to 3.3% quarter on-quarter in the first quarter of 2022 from 3.9% quarter-on-quarter in the fourth quarter of 2021. The slowing growth was largely influenced by weak issuance volume during the quarter. Outstanding government bonds tallied CNY76.4 trillion while the corporate bond market size reached CNY42.5 trillion.
In May, the People's Bank of China announced that foreign investors would be allowed to trade in its smaller exchange market, effective 30 June. The move was made to further attract capital inflows into the bond market, following substantial capital outflows in February and March. In addition, financial institutions will be allowed to trade bonds and invest in derivatives and other financial instruments allowed by the People's Bank of China and the China Securities Regulatory Commission.
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