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ETF Fund Flows | Ten Bond ETFs Record Combined Net Inflows Exceeding RMB 5.1 Billion
Gelonghui, September 9 — On September 8, bond‑type ETFs accounted for the vast majority of net inflows. The 5‑year local government bond ETF Penghua (159972) saw a net inflow of RMB 1.001 billion,
Express News | Yue Zhigang, President of China Chengxin: Outstanding Issuance of Sci-Tech Innovation Bonds Exceeds RMB 5.4 Trillion; Cross-Border Credit Support Urgently Needed for Going Global
Yue Zhigang, President of China Chengxin, stated that China's outstanding bond market size has surpassed RMB 200 trillion, with corporate credit bonds reaching RMB 38.38 trillion, providing robust support for upgrading traditional industries and advancing emerging sectors. Meanwhile, the bond market’s 'Sci-Tech Board' has marked its first anniversary. As of May this year, the cumulative issuance of sci-tech innovation bonds has exceeded RMB 5.4 trillion, representing a year-to-date increase of approximately 7%. Private enterprises’ participation has risen to about 12%. While bonds with maturities of three to five years remain dominant, longer-term instruments exceeding ten years are increasingly being issued, better aligning with the long-cycle funding needs of sci-tech innovation. Addressing the new paradigm of Chinese enterprises going global—characterized by comprehensive internationalization of production capacity, brands, and capital—Yue highlighted acute challenges including overseas political risks, exchange rate volatility, and asymmetric cross-border credit information. He noted that narrow financing channels and insufficient overseas credit endorsement have become tangible bottlenecks, underscoring the urgent need to advance RMB internationalization and cross-border credit infrastructure in a coordinated manner. (Securities Times)
Express News | Shanghai: Support qualified asset management institutions in participating in Real Estate Investment Trusts (REITs) business, and establish Shanghai as the preferred destination nationwide for REITs issuance and trading.
The General Office of the Shanghai Municipal People's Government issued the 'Notice on Several Opinions Regarding Deepening the Development of Shanghai as a Global Asset Management Center,' which states that Shanghai will support technology enterprises with prominent science and innovation attributes in listing and mergers and acquisitions to enhance the technological content and quality of equity assets. It also aims to expand the scale of bonds such as FTZ offshore bonds, Yulan bonds, panda bonds, and sci-tech innovation bonds to promote balanced development of bond assets. The notice further supports qualified asset management institutions in engaging in Real Estate Investment Trusts (REITs) business to position Shanghai as the nation’s preferred hub for REITs issuance and trading. Additionally, it calls for expanding the use of supply chain bills and accelerating the development of real estate trusts and equity trusts to optimize the supply of alternative assets.
The RMB 800 billion bond ETF market receives a boost, as the scope of eligible securities for participation in pledged repo transactions expands and its status as high-quality collateral is clarified.
① The Shanghai and Shenzhen Stock Exchanges issued a notice revising the rules and accompanying guidelines for negotiated repurchase transactions. The Shenzhen Stock Exchange has included bond ETFs within the scope of eligible collateral for negotiated repurchases, while the Shanghai Stock Exchange explicitly recognized them as high-quality collateral, which is expected to enhance trading activity and market liquidity for bond ETFs. ② According to Wind data, there are currently 53 bond ETFs in the market, with total assets under management amounting to RMB 806.7 billion.
Express News | The Guangzhou region has issued 77 sci-tech innovation bonds with a total scale of 105.91 billion yuan.
According to the Guangzhou Municipal Financial Affairs Office on the 18th, from the beginning of 2025 until the end of March, the Guangzhou region has issued 77 sci-tech innovation bonds with an issuance scale of 105.91 billion yuan. (China News Service)
Express News | Huang Jianshan of the CSRC: The bond market boasts a comprehensive and diverse range of products and service systems.
Cailian Press, March 31 -- At today's ICMA China Debt Capital Markets Annual Conference 2026, Huang Jianshan, Deputy Director of the Bond Supervision Department of the China Securities Regulatory Commission (CSRC), stated that the bond market features a rich and complete set of products and service systems. The exchange market has established a system encompassing major categories such as government bonds, local government bonds, financial institution bonds, corporate bonds, and enterprise bonds. More than ten specialized bond products have been introduced, including sci-tech innovation bonds, green bonds, rural revitalization bonds, small and medium-sized enterprise bonds, panda bonds, and Belt and Road bonds, with cumulative financing exceeding 3 trillion yuan. These initiatives channel funds into key areas and weak links of the real economy through market-oriented methods.