1. JPMorgan Chase stated that bonds have completely decoupled from other assets, with US Treasury yields continuing to decline.
2. The first batch of convertible bonds for the Year of the Horse has begun issuance, and new refinancing regulations may drive continued market expansion.
3. National Bureau of Statistics: In 2025, various entities raised 16.3 trillion yuan through bond issuance on the Shanghai, Shenzhen, and Beijing stock exchanges.
4. Pan Xiaodong of the Ministry of Science and Technology: In 2025, various entities issued 1.8 trillion yuan in science and technology innovation bonds.
5. Sichuan: Supporting eligible enterprises to issue rural revitalization bonds.
6. Shenzhen issued the "Implementation Plan for Supporting the Improvement and Efficiency of Consumer Goods through Trade-in with Funds from Shenzhen's Ultra-Long-Term Special Treasury Bonds (2026)".
7. Country Garden: Net new RMB 3.861 billion in defaulted debt.
8. Shimao Property: Accumulated debt defaults reached RMB 16.902 billion.
9. Changfa Group plans to issue 3-year offshore USD bonds, with an initial guidance price in the 5.40% range.
10. Chow Tai Fook Holdings Limited redeemed its convertible bonds maturing in 2027 ahead of schedule, with outstanding principal of HK$212 million.
11. The first national bond secured by assets related to science and technology innovation mergers and acquisitions was issued, with a scale of RMB 470 million.
12. Progress in handling the default of Xi'an Construction Engineering Group's bonds: A financial debt committee with the participation of 16 financial institution creditors has been established.
