China: bonds

Issuance of Chinese US dollar-denominated bonds reached USD 11.5bn in 2010. During the first three quarters of 2011 flow of global bonds from China totaled USD 15.6bn. Issuance of dim sum bonds (or offshore renminbi bonds) reached CNY 100bn (USD 15.6bn) by mid-September.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
CNY 276 7 658 464 000 000
USD 2 200 000 000
GBP 1 9 250 000 000
municipal
CNY 240 1 414 489 900 000
USD 1 300 000 000
corporate
CNY 2726 9 840 465 023 650
USD 650 356 316 654 250
HKD 158 80 245 900 000
EUR 36 20 000 000 000
SGD 8 2 743 000 000
JPY 6 130 000 000 000
CHF 5 1 020 000 000
AUD 2 350 000 000

News and comments

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
Rating Agency RAEX (Expert RA) *** Foriegn curr. scale ***
Rating Agency RAEX (Expert RA) *** Local curr. scale ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
HNA Group, 2.874% 4feb2020, USD - International bonds XS1545506740 2.874% 200 000 000  USD 02/17/2017 02/04/2020
Qinghai Investment Group, 7.25% 22feb2020, USD - International bonds XS1552613660 7.25% 300 000 000  USD 02/15/2017 02/22/2020
Proven Glory Capital, 3.25% 21feb2022, USD - International bonds XS1567423501 3.25% 1 000 000 000  USD 02/14/2017 02/21/2022
Proven Glory Capital, 4% 21feb2027, USD - International bonds XS1567423766 4% 500 000 000  USD 02/14/2017 02/21/2027
Ronshine China Holdings, 6.95% 8dec2019, USD - International bonds XS1528955773 6.95% 400 000 000  USD 02/14/2017 12/08/2019
Future Land Development, 5% 16feb2020, USD - International bonds XS1565437057 5% 350 000 000  USD 02/09/2017 02/16/2020
Singyes Solar, 7.95% 15feb2019, USD - International bonds XS1565411250 7.95% 260 000 000  USD 02/08/2017 02/15/2019
China Water Affairs Group, 5.25% 7feb2022, USD - International bonds XS1556165477 5.25% 300 000 000  USD 01/25/2017 02/07/2022
United Photovoltaics, 8.25% 25jan2020, USD - International bonds XS1512652600 8.25% 250 000 000  USD 01/25/2017 01/25/2020
Fujian Zhanglong Group, 4.5% 16dec2019, USD - International bonds XS1533173131 4.5% 300 000 000  USD 01/24/2017 12/16/2019

Cbonds Bond Market Indices

Daily indices

Type: 02/17/2017 02/16/2017 02/15/2017 02/14/2017 02/13/2017 02/10/2017 02/09/2017
Euro-Cbonds Corporate EM (CNY)
Euro-Cbonds Corporate EM (CNY)  130.66 130.65 130.63 130.58 130.52 130.47 130.38
Euro-Cbonds Corporate EM (CNY) PI 108.42 108.42 108.42 108.39 108.36 108.36 108.30
Euro-Cbonds Corporate EM (CNY) D 787.00 788.00 789.00 790.00 792.00 794.00 796.00
Euro-Cbonds Corporate EM (CNY) YTM 5.21 5.21 5.21 5.22 5.23 5.23 5.25
Euro-Cbonds Corporate EM (CNY) YTM eff 5.30 5.30 5.30 5.31 5.32 5.32 5.35
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World Bond market statistics

Quarterly indices

Type III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015 I 2015
BIS volume of internetional-bond market of emerging countries
Chinese international bonds, USD bln 124.700 112.300 97.000 92.400 84.500 79.000 76.200
BIS net issues of internetional-bond market of emerging countries
International-bond net issue of China, USD bln 12.500 16.200 4.300 8.600 6.700 2.500 -0.423

Emerging Markets International Bonds

Monthly indices

Type Jan 2017 Dec 2016 Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016
Asian International Bonds Markets
China’s international bonds, USD bln 410.389 401.833 395.537 381.442 374.154 362.324 356.447
China’s corporate international bonds, USD bln 396.862 387.141 382.041 367.757 360.282 348.471 341.756
China’s sovereign international bonds, USD bln 13.227 14.391 13.196 13.385 13.571 13.553 14.392
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Credit Risk Indicators

Daily indices

Type: 02/13/2017 02/10/2017 02/09/2017 02/08/2017 02/07/2017 02/06/2017 02/03/2017
CDS Interactive Data 
CDS 6M China * * * * * * *
CDS 1Y China * * * * * * *
CDS 2Y China * * * * * * *
CDS 3Y China * * * * * * *
CDS 4Y China * * * * * * *
CDS 5Y China * * * * * * *
CDS 7Y China * * * * * * *
CDS 10Y China * * * * * * *
CDS 15Y China * * * * * * *
CDS 20Y China * * * * * * *
CDS 30Y China * * * * * * *
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Risk Management Institute

Daily indices

Type: 02/17/2017 02/16/2017 02/15/2017 02/14/2017 02/13/2017 02/10/2017 02/09/2017
RMI CVI - Asia
China CVI value weighted  34.61 34.43 34.59 34.55 34.47 34.77 34.90
China CVI tail  208.59 208.14 209.25 206.44 206.20 208.31 206.73
China CVI equally weighted  71.57 71.28 71.72 71.05 71.00 71.34 71.47
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Stock market (World)

Daily indices

Type: 02/20/2017 02/17/2017 02/16/2017 02/15/2017 02/14/2017 02/13/2017 02/10/2017
Stock market (Asia)
SSE Composite  3 240.00 3 202.00 3 230.00 3 213.00 3 218.00 3 217.00 3 197.00
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JP Morgan

Daily indices

Type: 10/30/2013 10/29/2013 10/28/2013 10/25/2013 10/24/2013 10/23/2013 10/22/2013
EMBI Global (publication was suspended since 30.10.2013) 
EMBI Global China * * * * * * *
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