China's outstanding bond stock has exceeded 200 tln yuan, with corporate credit bonds totaling 38.38 tln yuan, China Chengxin president Yue Zhigang said. The bond market's sci‑tech board marked its first anniversary: cumulative sci‑tech bond issuance exceeded 5.4 tln yuan as of May, up about 7% YoY this year; private‑sector participation has risen to about 12%. Issuance remains concentrated in 3–5 year tenors while 10+ year issues are emerging, better matching long‑cycle funding needs. On Chines

China's outstanding bond stock has exceeded 200 tln yuan, with corporate credit bonds totaling 38.38 tln yuan, China Chengxin president Yue Zhigang said. The bond market's sci‑tech board marked its first anniversary: cumulative sci‑tech bond issuance exceeded 5.4 tln yuan as of May, up about 7% YoY this year; private‑sector participation has risen to about 12%. Issuance remains concentrated in 3–5 year tenors while 10+ year issues are emerging, better matching long‑cycle funding needs. On Chinese firms' overseas expansion, Yue flagged prominent political risk, FX volatility and cross‑border credit information asymmetry, saying narrow financing channels and insufficient overseas credit backing are bottlenecks and calling for coordinated advancement of RMB internationalization and cross‑border credit infrastructure.