Researches & Commentaries

The 4th round of local bond replacement: Helping to mitigate the risk of local government short-term debt, but credit differentiation still exists

Pro-consumption policies have positive impacts on the credit of consumer finance and auto finance companies

Fiscal policy in 2023H2 continues to emphasize on resolving local government debt risks

Focus on Four Risk Points as Credit Risk Release Slows and Real Estate Enterprises Continue to Reduce Risk Exposure

Tail Risk Still Exists Amid a Slowing Economy, Watch Five Risks

2021 Chinese Offshore Bond Market Defaults Research

Tail Risks Continue to Be Exposed amid the Weakened Economic Recovery and the Still Mounting Maturity Pressure Raises Credit Risks Marginally

Tail Risks Get Increasingly Exposed in the Context of Credit Stratification and the Annual Default Rate in the Public Offering Bond Market Is Expected to Reach 0.70%-0.80%

Transfer of collection responsibility of land transfer income to tax department aims to normalize local fiscal income and expenditure