(Bloomberg) — China’s bond frenzy may be close to fizzling out as yields on long-term sovereign notes trade at the deepest discount in more than a decade to the cost of investors’ favorite financing tool. Most Read from Bloomberg The yield on 30-year bonds slumped 10 basis points below the overnight interbank rate this week,…
(Bloomberg) — Chinese sovereign bonds’ falling yields are driving onshore investors to actively hunt for overseas alternatives with higher returns. Most Read from Bloomberg Capital outflows from mainland China via its Southbound Bond Connect program totaled nearly 52 billion yuan ($7.1 billion) in December, the highest since August 2022, according to Bloomberg-compiled data. The program…
(Bloomberg) — China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. Most Read from Bloomberg While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater…
(Bloomberg) — China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to put a floor under the country’s growth slowdown. Most Read from Bloomberg Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an…
Beijing is asking officials to take a “bold and steady” approach, a mantra of China’s late paramount leader Deng Xiaoping, to lift national morale and stimulate the economy in the push toward the annual growth target. In an article on Sunday, the state-run Study Times stated President Xi Jinping’s emphasis on the need to combine…