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The People's Republic of China (PRC) is a county in Asia, bordered by 14 countries including Vietnam, Laos, India, Afghanistan, Pakistan, Russia, Mongolia, North Korea and others. The total area of China is 9 600 000 square kilometers. The capital of the country is Beijing. The currency unit is the Renminbi (RMB), also referred to as Yuan (CNY) on the China onshore market. The Renminbi is also traded on the Chinese offshore market with unofficial currency code CNH. The main sectors of the country’s economy are manufacturing, trade and retail, mining, and heavy industry.
Securities are traded on the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE). China bond market is represented by government and corporate sectors. China government bonds, also referred to as China sovereign bonds, include Treasury Discount Bonds, Treasury Saving Bonds, and Treasury Coupon Bonds. China Treasury Bonds are usually placed on the stock exchanges and on the National Interbank Bond Market. The public sector of China bond market also includes short-term and long-term debt instruments of People’s Bank of China and municipal governments’ bonds.
Chinese bond market also includes Policy Bank Bonds. Policy Bank Bonds are issued by China Development Bank, Agricultural Development Bank of China, and The Export-Import Bank of China. Policy banks are non-profit banks that are created or owned by the government of the People's Republic of China for implementation of certain financial policies or cooperation with the government for certain financing activities.
The private sector is represented by enterprise bonds (bonds that are issued by a non-financial company with a maturity of more than one year; the issuers of enterprise bonds are mainly state-owned companies); corporate bonds (bonds that are issued by a non-financial company with a maturity of more than one year; the issuers of corporate bonds are mainly listed companies); collective notes (bonds that are issued collectively by two or more non-financial companies; usually these bonds are issued by small and medium-sized enterprises); financial bonds (bonds that are issued by financial institutions, with a maturity usually from three to five years); convertible bonds; and securitized instruments.
|01/06/2021||EM Bonds: Cbonds is uncovering features, tendencies, and trends of the EM bond markets|
|27/11/2020||New bond issue: China issued international bonds (XS2259627235) with a 0.625% coupon for USD 1,250.0m maturing in 2035|
|27/11/2020||New bond issue: China issued international bonds (XS2259626856) with a 0.25% coupon for USD 2,000.0m maturing in 2030|
|24/11/2020||On November 19, China sold its first negative-yield bond|
|23/11/2020||New bond issue: China issued international bonds (HK0000659794) with a 0% coupon for EUR 750.0m maturing in 2025|