PBOC Monthly: Onshore Corporate Bonds - Dead or Alive?

Categories: Macroeconomics, General Market Analysis, Fixed Income

Country: China

Summary:
Local government bond issuance has roared back to life but corporate bond financing saw the largest monthly net decline since at least 2011. Other non-bank financing was also weak in May, with outstanding entrusted loans and undiscounted bills falling on a net basis.  Bank lending rose by 12.8% YoY and was ......


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