People's Republic of China
Market Watch
| Close of April 22, 2019 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 2.910 | ▲ 1.0 | ▼ 3.5 | ▲ 14.8 |
| 5 Year | 3.229 | 0.0 | ▼ 0.1 | ▲ 19.1 |
| 10 Year | 3.412 | ▲ 3.3 | ▲ 4.0 | ▲ 10.2 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 6.712 | ▼ 0.1 | ▼ 0.1 | ▲ 2.4 |
| CNY per JPY | 0.060 | ▼ 0.1 | ▼ 0.1 | ▲ 4.4 |
|
* 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 | 2017-03-31 | |
| Non-Regional Rating Institutions | ||||
| Fitch | A+ | stable | 2013-10-15 | |
| S&P | A+ | stable | 2017-09-21 | |
NEWS HIGHLIGHTS
- Chinese yuan strengthens to 6.7110 against USD Wednesday
- IMF revises up China's growth forecast for 2019 to 6.3 pct
- China's forex growth streak mirrors stabilizing economy: analyst
- China bank capital rush is on
- U.S. Sets 2025 Target for China to Fulfill Trade Pledges, Sources Say
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
- iBoxx ABF Index Family
- 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 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 | ||||
|---|---|---|---|---|
| 2019 | Mar | |||
| 2018 | Nov | Sep | Jun | Mar |
| 2017 | Nov | Sep | Jun | Mar |
| 2016 | Nov | Sep | Jun | Mar |
| 2015 | Nov | Sep | Jun | Mar |
| 2014 | Nov | Sep | Jun | Mar |
| 2013 | Nov | Sep | Jun | Mar |
| 2012 | Nov | Sep | Apr | |
| 2011 | Nov | Sep | Mar | |
| 2010 | Nov | Oct | Jul | Mar |
| 2009 | Nov | Sep | ||
Market Summary
Size and Composition
Local currency bonds outstanding in the People’s Republic of China grew 2.9% quarter-on-quarter (q-o-q) and 14.3% year-on-year (y-o-y) to reach CNY65.0 trillion (USD9.5 trillion) at the end of December. Growth mostly came from a rise in corporate bonds, which grew 5.3% q-o-q and 14.6% y-o-y. In contrast, government bond growth in the fourth quarter of 2018 slowed to 2.1% q-o-q from 6.3% q-o-q in the previous quarter as local governments substantially met their issuance targets for special bonds by the end of September.
Corporate Bond Issuance
Total corporate bond issuance in the fourth quarter of 2018 reached CNY2.2 trillion, up 11.9% q-o-q as market sentiment improved over expectations that the United States Federal Reserve would become more dovish.
Refine Search
21 - 40 of 212 results
- U.S. Sees China Trade Pushback as Trump Touts Progress
Bloomberg
2019-03-20 - Overall National Economy Maintained Stable in the First Two Months
National Bureau of Statistics of China
2019-03-15 - China Data Dump to Show Investment Recovery Continuing in 2019
Bloomberg
2019-03-13 - China's Default Scares Are Giving Bond Investors Whiplash
Bloomberg
2019-03-13 - Producer Prices for the Industrial Sector for February 2019
National Bureau of Statistics of China
2019-03-12 - Consumer Prices for February 2019
National Bureau of Statistics of China
2019-03-12 - China Has Less Room for Reserve Ratio Cuts, PBOC's Yi Says
Bloomberg
2019-03-12 - Yuan Gains Expected to Be Capped as China Pushes Against U.S.
Bloomberg
2019-03-11 - China Stocks Slump Most This Year as Sell Rating Shocks Traders
Bloomberg
2019-03-08 - China Wins Record ETF Inflows as Emerging Markets Overhaul Looms
Bloomberg
2019-03-07 - China Lowers Growth Target and Cuts Taxes as Economy Slows
Bloomberg
2019-03-06 - China Lowers Growth Target and Cuts Taxes as Economy Slows
Bloomberg
2019-03-05 - China Plans $90 Billion Cut in VAT for Manufacturers
Bloomberg
2019-03-04 - U.S. and China Near Deal That Could End Most U.S. Tariffs
Bloomberg
2019-03-04 - China’s Policy Summit in Spotlight as Economy Seeks Stability
Bloomberg
2019-03-01 - China’s Factory Downturn Deepens Though Upside Signs Appear
Bloomberg
2019-02-28 - Earliest Gauges Show China's Economy Seeing First Signs of Pickup
Bloomberg
2019-02-27 - Debt Is Roaring Back in China
Bloomberg
2019-02-25 - As Fed Eyes Inflation Overshoot, JPMorgan Likes Gold, TIPS
Bloomberg
2019-02-25 - U.S. Stock Futures Rise as Trump Delays March Tariff Increase
Bloomberg
2019-02-25