1. Two departments: Continue to implement corporate income tax and value-added tax policies for overseas institutions investing in the domestic bond market.
2. Shanghai branch of the People's Bank of China: As of the end of December 2025, overseas institutions held 3.46 trillion yuan in interbank market bonds.
3. China reduced its holdings of US Treasury bonds in November, while Japan increased its holdings.
4. Kuaishou issued multi-currency senior notes, raising approximately 18 billion yuan.
5. Vanke issued a supplementary notice for the bondholders' meeting of "21 Vanke 02," adding two new proposals and a fixed repayment arrangement.
6. Poly Developments: Its application to issue convertible corporate bonds to specific targets was accepted by the Shanghai Stock Exchange.
7. Zhongchuang Zhiling: Plans to issue convertible bonds to raise no more than 4.35 billion yuan, which will be used for projects such as a high-end new energy vehicle parts industrial base.
8. Mortgage rates fell to a three-year low, with Trump's $200 billion bond-buying plan showing initial results.
9. Morgan Stanley raised an oversubscription of 8 billion yuan, with Wall Street giants collectively draining funds from the bond market. 10. Goldman Sachs will raise a record $16 billion through a bond issuance.
11. Analysts: Japanese government bond yields hit record highs, increasing market bets on an earlier-than-expected interest rate hike by the central bank.
12. Sources: Some Bank of Japan officials believe there is room for an earlier-than-expected interest rate hike.
