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 277 7 769 584 000 000
GBP 1 9 250 000 000
HKD 1 10 000 000 000
USD 2 200 000 000
municipal
CNY 210 1 287 472 900 000
USD 1 300 000 000
corporate
ARS 1 298 000 000
AUD 3 1 050 000 000
CHF 5 1 020 000 000
CNY 2241 9 258 478 023 650
EUR 35 18 200 000 000
HKD 215 100 148 900 000
INR 1 100 000 000
JPY 6 130 000 000 000
SGD 8 2 743 000 000
USD 620 341 947 454 250

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 ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Country Garden, 5.625% 15dec2026, USD - International bonds XS1512953040 5.625% 350 000 000  USD 12/07/2016 12/15/2026
Zhenjiang Transportation Industry Group, 5.25% 12dec2019, USD - International bonds XS1528310995 5.25% 140 000 000  USD 12/06/2016 12/12/2019
Ronshine China Holdings, 6.95% 8dec2019, USD - International bonds XS1528955773 6.95% 175 000 000  USD 12/01/2016 12/08/2019
Guangzhou Silk Road Investment Ltd, 3.85% 7dec2021, USD - International bonds XS1523130984 3.85% 200 000 000  USD 11/30/2016 12/07/2021
Shougang Corp, 3.375% 9dec2019, USD - International bonds XS1526063893 3.375% 400 000 000  USD 11/30/2016 12/09/2019
ChemChina, 1.871% 7dec2021, EUR - International bonds XS1525358054 1.871% 700 000 000  EUR 11/30/2016 12/07/2021
Agricultural Bank of China, 2.375% 7dec2019, USD - International bonds XS1528905919 2.375% 500 000 000  USD 11/30/2016 12/07/2019
State Power Investment Corporation, 3% 6dec2021, USD - International bonds XS1528227744 3% 900 000 000  USD 11/29/2016 12/06/2021
State Power Investment Corporation, 3.875% 6dec2026, USD - International bonds XS1528227827 3.875% 300 000 000  USD 11/29/2016 12/06/2026
Loncin Holding, 4.5% 5dec2019, CNY - International bonds HK0000316965 4.5% 800 000 000  CNY 11/28/2016 12/05/2019

Cbonds Bond Market Indices

Daily indices

Type: 12/08/2016 12/07/2016 12/06/2016 12/05/2016 12/02/2016 12/01/2016 11/30/2016
Euro-Cbonds Corporate EM (CNY)
Euro-Cbonds Corporate EM (CNY)  130.26 130.26 130.27 130.35 130.37 130.40 130.46
Euro-Cbonds Corporate EM (CNY) PI 109.12 109.14 109.16 109.24 109.30 109.34 109.40
Euro-Cbonds Corporate EM (CNY) D 700.00 701.00 702.00 703.00 706.00 707.00 709.00
Euro-Cbonds Corporate EM (CNY) YTM 4.89 4.88 4.87 4.83 4.80 4.78 4.75
Euro-Cbonds Corporate EM (CNY) YTM eff 4.97 4.96 4.94 4.90 4.87 4.85 4.82
show other indices

World Bond market statistics

Monthly indices

Type Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016 May 2016
Domestic govt Bonds markets (Asia)
China govt Bonds outst., EUR bln (without Bills) 1 060.09 1 032.43 962.43 1 383.08 1 380.38 1 396.18 1 409.02
India govt Bonds outst., EUR bln (without Bills) 675.18 662.34 644.69 635.54 637.66 623.24 618.11
show other indices

Quarterly indices

Type I 2016 IV 2015 III 2015 II 2015 I 2015 IV 2014 III 2014
BIS volume of internetional-bond market of emerging countries
Chinese international bonds, USD bln 97.000 92.400 84.500 79.000 75.769 76.407  
BIS net issues of internetional-bond market of emerging countries
International-bond net issue of China, USD bln 4.300 8.600 6.700 2.500 -0.423 19.842 2.429

Emerging Markets International Bonds

Monthly indices

Type Nov 2016 Oct 2016 Sep 2016 Aug 2016 Jul 2016 Jun 2016 May 2016
Asian International Bonds Markets
China’s international bonds, USD bln 395.537 381.442 374.154 362.324 356.447 354.584 352.815
China’s corporate international bonds, USD bln 382.041 367.757 360.282 348.471 341.756 340.067 340.450
China’s sovereign international bonds, USD bln 13.196 13.385 13.571 13.553 14.392 14.217 12.365
show other indices

Money market

Daily indices

Type: 12/06/2016 12/05/2016
IRS CNY (Annual Fixed vs 3M Shibor)
IRS CNY 6M vs 3M Shibor mid 3.4000 3.3450
IRS CNY 9M vs 3M Shibor mid 3.4675 3.4638
IRS CNY 1Y vs 3M Shibor mid 3.5688 3.5600
IRS CNY 2Y vs 3M Shibor mid 3.7350 3.7250
IRS CNY 3Y vs 3M Shibor mid 3.8525 3.7950
IRS CNY 4Y vs 3M Shibor mid 3.9550 3.8850
IRS CNY 5Y vs 3M Shibor mid 3.9800  
IRS CNY 7Y vs 3M Shibor mid 4.2300 4.2300
IRS CNY 10Y vs 3M Shibor mid 4.3500 4.3500
IRS CNY (Annual Fixed vs 3M Shibor), bid/ask
IRS CNY 6M vs 3M Shibor bid 3.2500 3.2900
IRS CNY 6M vs 3M Shibor ask 3.5500 3.4000
IRS CNY 9M vs 3M Shibor bid 3.3700 3.4000
IRS CNY 9M vs 3M Shibor ask 3.5650 3.5275
IRS CNY 1Y vs 3M Shibor bid 3.5000 3.5200
IRS CNY 1Y vs 3M Shibor ask 3.6375 3.6000
IRS CNY 2Y vs 3M Shibor bid 3.6500 3.6700
IRS CNY 2Y vs 3M Shibor ask 3.8200 3.7800
IRS CNY 3Y vs 3M Shibor bid 3.7650 3.7300
IRS CNY 3Y vs 3M Shibor ask 3.9400 3.8600
IRS CNY 4Y vs 3M Shibor bid 3.8600 3.8200
IRS CNY 4Y vs 3M Shibor ask 4.0500 3.9500
IRS CNY 5Y vs 3M Shibor bid 3.9400  
IRS CNY 5Y vs 3M Shibor ask 4.0200  
IRS CNY 7Y vs 3M Shibor bid 4.1300 4.1300
IRS CNY 7Y vs 3M Shibor ask 4.3300 4.3300
IRS CNY 10Y vs 3M Shibor bid 4.2500 4.2500
IRS CNY 10Y vs 3M Shibor ask 4.4500 4.4500
show other indices

Periodic indices

123Type: Current value Change Last update
Central Banks Rates
Base Rate (China), %  6.00 -0.31 05.07.2012

Credit Risk Indicators

Daily indices

Type: 12/08/2016 12/07/2016 12/06/2016 12/05/2016 12/02/2016 12/01/2016 11/30/2016
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 * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds-PRO EM", "Cbonds-PRO EM Personal" required. Subscribe/Get trial access

Risk Management Institute

Daily indices

Type: 12/08/2016 12/07/2016 12/06/2016 12/05/2016 12/02/2016 12/01/2016 11/30/2016
RMI CVI - Asia
China CVI value weighted  66.76 66.66 67.22 67.27 67.64 66.89 66.33
China CVI tail  353.30 347.75 350.57 352.74 359.07 352.03 350.06
China CVI equally weighted  126.05 125.23 126.95 127.67 129.05 126.40 126.94
show other indices

Stock market (World)

Daily indices

Type: 12/09/2016 12/08/2016 12/07/2016 12/06/2016 12/05/2016 12/02/2016 12/01/2016
Stock market (Asia)
SSE Composite  3 233.00 3 215.00 3 222.00 3 200.00 3 205.00 3 244.00 3 273.00
show other indices

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 * * * * * * *
show other indices

Subscription "Cbonds-Premium", "Cbonds-Premium Personal", "Cbonds-Trial", "Cbonds-PRO EM", "Cbonds-PRO EM Personal" required. Subscribe/Get trial access