1. The Ministry of Finance plans to issue 2025 book-entry discount treasury bonds (Issue 81), with a total face value of 60 billion yuan. 2. Shanghai Stock Exchange: Expands allocation for local government bonds and activates the 237000-238999 code

2025-12-24

1. The Ministry of Finance plans to issue 2025 book-entry discount treasury bonds (Issue 81), with a total face value of 60 billion yuan. 2. Shanghai Stock Exchange: Expands allocation for local government bonds and activates the 237000-238999 code segment. 3. Bank science and technology innovation bonds approach 300 billion yuan; issuance by small and medium-sized banks accelerates. 4. China Foreign Exchange Trading Center: Bond lending market turnover reached 178.86 billion yuan, a decrease of 14.42% compared to the previous period. 5. Issuance scale exceeds 1.7 trillion yuan; the science and technology innovation bond market ecosystem is gradually improving. 6. The 500 billion yuan local government bond carryover limit continues at the end of the year; the issuance scale of local government bonds this year has exceeded 10 trillion yuan. 7. In the third quarter, 15 rating agencies underwrote 3,553 bond products, an increase of 11% compared to the previous quarter. 8. Poly Developments has been approved to issue no more than 5 billion yuan of targeted convertible bonds. 9. Kunming Land Development Investment issued its third tranche of short-term financing bonds for 2025, amounting to 350 million yuan. 10. Chongqing: Continued efforts to resolve hidden debt, facilitate the exit of financing platforms, and reduce platform financial debt; steadily advancing the reform of rural banks to mitigate risks. 11. Hainan: Guiding financial institutions to provide green credit, green bonds, and green funds to zero-carbon industrial parks. 12. Concerns over stimulus plans intensified, pushing the yield on 30-year Japanese government bonds to a record high.