1. Over 140 bond issuers have had their credit ratings terminated this year, with local government financing vehicles (LGFVs) accounting for more than half.
2. Institutions: The South Korean bond market has priced in too many interest rate hike expectations, presenting a buying opportunity for short-term bonds.
3. The Financial Supervisory Service of Korea states that Samsung has become the most indebted conglomerate in South Korea.
4. South Korea will monitor the risks of $37 billion in overseas private placement bonds.
5. Industrial and Commercial Bank of China (ICBC): The second tranche of its 60 billion yuan Tier 2 capital bonds has been issued.
6. Shenzhen's 15th Five-Year Plan outlines: exploring the inclusion of infrastructure real estate investment trusts (REITs) in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
7. Shenzhen's 15th Five-Year Plan outlines: implementing corporate mergers and acquisitions initiatives, and increasing support for corporate listings, mergers and acquisitions, and bond issuance.
8. Bank of Communications successfully issued its first tranche of perpetual bonds for 2026.
9. China Railway Construction Corporation issued its first tranche of science and technology innovation corporate bonds for 2026, totaling 3 billion yuan.
10. The RMB 800 billion bond ETF market receives a boost as its scope for participation in repurchase agreements expands, clarifying its status as high-quality collateral.
11. Kazakhstan plans to issue its first Panda bond, not exceeding RMB 3.5 billion, with a subscription interest rate range of 1.70%-2.30%.
