1. Federal Reserve Governor Milan: The need for a 50 basis point rate cut has diminished. 2. National Housing and Urban-Rural Development Work Conference: Prevent and resolve debt risks of real estate companies, and strengthen the supervision of sal

2025-12-23

1. Federal Reserve Governor Milan: The need for a 50 basis point rate cut has diminished. 2. National Housing and Urban-Rural Development Work Conference: Prevent and resolve debt risks of real estate companies, and strengthen the supervision of sales funds. 3. Vanke: After extending the grace period for "22 Vanke MTN004", its repayment priority is no worse than all bonds of the issuer with a later maturity date than this issue's medium-term notes. 4. Three departments rectify local government debt risks: 7 provinces repay 3.3 billion yuan of illegal hidden debt. 5. More than 550 billion yuan of new bond issuance this year; bond ETF scale hits a record high. 6. As the year draws to a close, insurance companies are accelerating bond issuance, speeding up capital replenishment. 7. The first transaction was completed; foreign participation in my country's exchange-traded bond repurchase program achieved a breakthrough. 8. Shanghai Stock Exchange issued "Shanghai Stock Exchange Bond Term Business Guide No. 4 - Corporate Bond Term Business Handling". 9. Weilai Battery's 5 billion yuan holding-type real estate ABS project has been updated to "Feedback Received". 10. Guangdong Electric Power A: The company currently has no USD debt, and the current appreciation of the RMB is beneficial to reducing fuel procurement costs. 11. Everbright Trust has listed for transfer non-performing loans related to the Suzhou Zhongnan Center project, with a total principal and interest of RMB 1.271 billion. 12. Morgan Stanley: Investors may demand a higher premium to hold long-term UK bonds.