People's Republic of China
Market Watch
| Close of March 26, 2020 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.963 | ▼ 5.8 | ▼ 23.9 | ▼ 66.7 |
| 5 Year | 2.326 | ▼ 4.4 | ▼ 15.8 | ▼ 58.4 |
| 10 Year | 2.592 | ▼ 3.6 | ▼ 14.4 | ▼ 55.2 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 7.073 | ▲ 0.6 | ▲ 0.5 | ▼ 1.6 |
| CNY per JPY | 0.065 | ▼ 0.9 | ▼ 0.5 | ▼ 0.7 |
|
* 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 | A+ | stable | 2013-01-23 | |
| RAM | AA3 | stable | 2019-07-18 | |
| Non-Regional Rating Institutions | ||||
| Fitch | A+ | stable | 2013-10-15 | |
| S&P | A+ | stable | 2017-09-21 | |
NEWS HIGHLIGHTS
- China conducts third central bank bills swap in 2020
- China's Dollar Bonds Show Trump the Value of Government Backing
- China's Manufacturing, Retail, Investment Suffer Historic Slump
- Registration-based bond issuance rule eases corporate financing
- Chinese Inflation Slows in February, Factory Deflation Returns
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
| * Download previous issues PDF | ||||
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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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1 - 20 of 192 results
- China conducts third central bank bills swap in 2020
Xinhua
2020-03-25 - China's Dollar Bonds Show Trump the Value of Government Backing
Bloomberg
2020-03-24 - China's Manufacturing, Retail, Investment Suffer Historic Slump
Bloomberg
2020-03-16 - Registration-based bond issuance rule eases corporate financing
Xinhua
2020-03-12 - Chinese Inflation Slows in February, Factory Deflation Returns
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2020-03-10 - China Stock Option's 2,800% Surge Shows Rush for Hedges
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2020-02-28 - China central bank pledges "dynamic adjustment" of RRR policies
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2020-02-25 - China's Traders Throw Away Script After Virus Jolts Stocks
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2020-02-21 - China Drives Asia IPO Activity Even as Virus Bites
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2020-02-20 - China's Credit Surged in January Before Virus Froze Economy
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2020-02-20 - Coronavirus is a ‘human tragedy' that poses sharp risks to global economic recovery, IMF says
South China Morning Post
2020-02-20 - China cuts benchmark lending rate to prop-up virus-hit economy
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2020-02-20 - Chinese bond yields touch four-year low as economy sputters
Financial Times
2020-02-19 - China's leverage in real economy rises in 2019: report
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2020-02-19 - China Stock Recovery Nearing $1 Trillion Is Drawing Skeptics
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2020-02-18 - China Cuts Rates, Adds Medium-Term Funds to Counter Virus
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2020-02-17 - China's Thriving IPO Market Might Just Be an Optical Illusion
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2020-02-17 - China's Fiscal Coffers Are Depleted Just as Virus Spurs Spending
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2020-02-17 - China FX, Bond Volumes Sink With Virus Keeping Traders Home
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2020-02-14 - China's Top Leaders Vow to Meet Growth Targets Despite Virus
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2020-02-13