Researches & Commentaries

CCXAP Weekly Series: Cross-border Bond (2025 Issue 21)

Hong Kong Passed Stablecoins Bill: Regulatory Innovation and Deepening for the Virtual Asset Ecosystem

The downgrade of the US sovereign rating and the rise in global financial market risks may have multiple impacts on the structure of Chinese offshore bond market

China's Five-Phase Resolution of Local Government Hidden Debts: From Reactive Measures to Proactive Governance

Circular No. 105 clears the requirements for withdrawal from the LGFV list, and it is necessary to pay attention to the risk evolution of LGFV on and off the list

Focus of Asset Allocation Shifts from Commodity to Equity amid the Structural Recovery of the Chinese Economy from Another Bottom-out

RRR Cut in H2 2022 Expected to Drive 10-year CGB Yield up Slightly to Around 2.9%

Growth Stabilization Policies Bolster the Ebbing Economic Recovery under Triple Pressure

Accelerating Issuance of Local Government Special Bonds under Cross-cyclical Adjustments, Forestall Risks in Front-loaded Spending under Growth Stabilization Policy