People's Republic of China
Market Watch
| Close of June 1, 2020 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.813 | ▼ 1.1 | ▲ 17.2 | ▼ 81.7 |
| 5 Year | 2.236 | ▲ 2.7 | ▲ 12.2 | ▼ 67.4 |
| 10 Year | 2.736 | ▲ 4.3 | ▲ 7.7 | ▼ 40.8 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 7.128 | ▲ 0.1 | ▲ 0.1 | ▼ 2.4 |
| CNY per JPY | 0.066 | ▼ 0.1 | ▲ 0.0 | ▼ 3.3 |
|
* 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
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (23-Oct-2015) |
Previous Rate (25-Aug-2015) |
YTD Rate |
|
| 1-Year Deposit Rate | 1.500 | ▼ 25.0 | 0.0 | |
| 1-Year Lending Rate | 4.350 | ▼ 25.0 | 0.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | AA- | stable | 2019-12-25 | |
| RAM | AA3 | stable | 2019-07-18 | |
| Non-Regional Rating Institutions | ||||
| Fitch | A+ | stable | 2019-11-19 | |
| S&P | A+ | stable | 2019-09-30 | |
NEWS HIGHLIGHTS
- China's central bank injects 240 bln yuan into market Thursday
- China Sets Stronger-Than-Expected Fixing After Yuan's Tumble
- China's Economy Is Inching Out of Virus Slump, Early Data Show
- China's Lower Rates Boost a Trade That it Wants To Restrain
- China's industrial profits down 27.4 pct in first four months
Read full index for News and Commentary
BOND ISSUANCES
- Size of LCY Bond Market
- Size of LCY Bond Market in % of GDP
- Monthly Bonds Outstanding in USD
- FCY Bonds Outstanding
- Breakdown of LCY Bond Market Issuance
- G3 Currency Bond Issuance
- Government Securities Maturity Profile - LCY
- Corporate Securities Maturity Profile - LCY
- Investor Profile - Government Bonds
- Foreign Holdings in LCY Government Bonds
- Trading Volume
- Bonds Turnover Ratio
- Interest Rate Spread - 2yrs vs 10yrs - LCY Bond
- Yield Volatility - 10yr LCY Bonds
- Credit Spread - LCY Corp. Bonds vs Govt. Bonds
- Bid-Ask Spreads (Survey data)
- Government Bond Market Structural Issues
- Corporate Bond Market Structural Issues
ASEAN+3 Bond Market Guide
ASEAN+3 Bond Market Guide 2019: People's Republic of China
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).
Download Report
ASEAN+3 Bond Market Guide 2012: People's Republic of China
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).
Download Report
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Market Summary
Size and Composition
Local currency bonds outstanding in the People's Republic of China grew 2.8% quarter-on-quarter (q-o-q) and 14.1% year-on-year to reach CNY84.2 trillion (USD12.1 trillion) at the end of December. The People's Republic of China's bond market growth rate slowed during the fourth quarter of 2019, both on a q-o-q and year-on-year basis, compared with the third quarter of 2019.
Corporate Bond Issuance
Total corporate bond issuance in the fourth quarter of 2019 reached CNY3.7 trillion, up only 1.7% q-o-q, which was well below the previous quarter's 20.9% q-o-q growth.
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- China's central bank injects 240 bln yuan into market Thursday
Xinhua
2020-05-28 - China Sets Stronger-Than-Expected Fixing After Yuan's Tumble
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2020-05-28 - Shanghai Stock Exchange Mulls First Revamp of Benchmark in 30 Years
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2020-05-27 - China's industrial profits down 27.4 pct in first four months
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2020-05-27 - China's Lower Rates Boost a Trade That it Wants To Restrain
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2020-05-27 - China's Economy Is Inching Out of Virus Slump, Early Data Show
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2020-05-27 - Xinhua Headlines: China's production resumption drives Belt and Road cooperation, fuels global growth
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2020-05-26 - China's central bank injects 10 bln yuan into market Tuesday
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2020-05-26 - RRR for financial institutions drops to 9.4 pct: central bank
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2020-05-25 - Economists See China Holding Stimulus in Check Amid Uncertainty
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2020-05-25 - China Sets Yuan Fix at Weakest Since 2008 After Currency Drop
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2020-05-25 - China Extends Relief for Trillions of Yuan in Bank Loans
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2020-05-22 - China Pledges to Implement U.S. Trade Deal Amid Rising Tensions
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2020-05-22 - China Abandons Numerical GDP Target on 'Great Uncertainty'
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2020-05-19 - China Considers Further Relief as Deadline Nears on $211 Billion in Bad Debt
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2020-05-19