Corporate bond defaults disappear from China’s onshore market
Systemic risk prioritised over international norms as country returns to zero failure era
Systemic risk prioritised over international norms as country returns to zero failure era

Beijing seeks to minimise domestic defaults but fears over credit quality persist

Yields on China’s debt are down marginally since the start of the conflict while those of other major economies have risen

Banks and companies in emerging markets outside China are issuing debt at the fastest pace since 2021

Use of sustainable finance overtakes western rivals as ESG movement faces US backlash

Low interest rates make renminbi an attractive funding currency for multinational companies

Plus, the defence of private credit