1. General Office of the CPC Central Committee and the State Council: Local governments should increase fiscal investment and strictly prohibit illegal and irregular debt financing. 2. The first promotion of the "Science and Technology Board" of the

2025-05-16

1. General Office of the CPC Central Committee and the State Council: Local governments should increase fiscal investment and strictly prohibit illegal and irregular debt financing. 2. The first promotion of the "Science and Technology Board" of the bond market was held, and all parties worked together to promote the implementation and promotion of science and technology innovation bonds in Shanghai. 3. Vanke A: The redemption ratio of 20 Vanke 4 company bonds is 100%. 4. China Evergrande: The liquidator requires creditors to submit a proof of claim form. 5. The first science and technology innovation bond of Guolian Minsheng Securities was launched. 6. Agricultural Bank of China Wealth Management actively invested in the first batch of science and technology innovation bonds. 7. Since the second quarter, the scale of land acquisition and storage issued by local governments with special bonds has exploded. 8. Shandong Province plans to issue 12.453 billion yuan of refinancing special bonds to replace existing implicit debts. 9. The National Association of Trading Companies: 25 equity investment institutions registered to issue 20 billion yuan of science and technology innovation bonds. 10. Credit bond transactions are hot, with the recent average daily transaction volume approaching 200 billion yuan, and the market may change from short to long. 11. The credit rating pattern has changed after the elimination of mandatory ratings: the number of issuer ratings and bond ratings is inverted, and the gray operation mode has begun to emerge. 12. CITIC Securities: The Federal Reserve will not rush to cut interest rates in the short term. It is expected that the subsequent 10-year US Treasury bond interest rate will still run at a high level above 4.0%.