Researches & Commentaries
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Issuance Expected to Remain Active under Repayment Pressure of Mature Bonds, and Investors May Add New Bonds Issued by Quality Entities into Portfolios
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Proactive Fiscal Policy Is Still Expectable, and Mitigation of Local Debt Risks May Be Further Ramped up
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As the LGFV Bonds to Be Issued in 2021 May Reach RMB 4.3-4.6 Trillion, Particular Attention Needs to be Paid to the Structural Risks Possibly Arising from the Peak Maturity
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Yield of 10-year Government Bonds Likely to Reach Its Peak to 3.5% in Q3
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Credit Bond Market After Policy Returns to Normal: Market Expansion Slows Down and Spread Divergence Intensifies
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The Quota of New Special Bonds Shouldn’t be Cut Significantly and Attention Should be Paid to Risk Prevention If More Special Bonds Are Issued
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Special Bonds Create Innovative Synergies to Stabilize Economic Growth, Debt-dissolution Funds Help Many Places Prevent Risks
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Debt Roll-Over Pressure at Peak of Debt Repayment as Differentiation of Belief in Urban Construction Investment Intensifies Transformation
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China’s Economy Continues to Recover Steadily with Structural Opportunities in Risk Assets