Researches & Commentaries
2021.10.25
High-Yield SOE Issuers Performed Well, Private Property Developers under Refinancing Pressure
Hong Kong, 25 October 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled “High-yield SOE Issuers Performed Well, Private Property Developers under Refinancing Pressure: 2021Q1-Q3 Performance of High Yield Bond Index”, according to the report, High-yield bond market traded actively in the first three quarters of 2021 as sentiment repaired. The confidence in SOEs was regained, and risk-adjusted returns on high-yield LGFV bonds continue to lead.