1. US investment-grade credit spreads have fallen to their lowest level this century.
2. The Netherlands' largest pension fund reduced its holdings of US Treasuries by nearly 40% in six months last year.
3. Henan Province will issue 132.7 billion yuan in local government special bonds in 2025.
4. With ammunition in place, securities firms issued over 220 billion yuan in bonds in just half a month of the new year, with over 140 billion yuan newly approved.
5. Bond Connect launched a bond repurchase application service, deepening the interconnection between onshore and offshore markets.
6. S&P: Assigned a "BBB+" long-term issuance rating to Huatai Securities' proposed RMB bond issuance.
7. Hubei Province will issue a total of 25.1 billion yuan in science and technology innovation bonds in 2025.
8. Dafu Technology: Plans to issue no more than 300 million yuan in science and technology innovation corporate bonds through private placement.
9. Shandong Province plans to issue 4.722 billion yuan in special new special bonds and 11.639 billion yuan in special refinancing bonds to replace existing implicit debt.
10. John Lee: The Hong Kong RMB bond market remains active, with the market size expected to exceed RMB 1 trillion in 2024 and maintain this level in 2025.
