Researches & Commentaries

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

Yield of 10-year China Government Bond May Fluctuate with a Low of About 2.7% in 2022

Look for Structural Opportunities in Risk Assets amid Slowing Economic Recovery under Supply-Demand Imbalance

Yield of 10-year Government Bonds might Fluctuate Around 2.9%-3.0%

Local Government Special Bond Issuance Gained Pace amid Cross-cyclical Adjustments, Land Market Chill to Weigh on Local Public Finance

Pilot program for property tax reform has limited impact on rigid demand, but may adversely affect property sales

The Management of Local Government Bond is Becoming More Normalized，Local Government Finance Vehicle May Face a Further Tightened Financing Environment

The Net Financing of Urban Investment Bonds is Still under Pressure, and the Credit Differentiation May Further Intensify

Asset Allocations Shifts from Commodities to Stocks and Bonds amid Uneven Economic Recovery