China’s corporate bonds win record share of top credit ratings
Beijing seeks to minimise domestic defaults but fears over credit quality persist
Beijing seeks to minimise domestic defaults but fears over credit quality persist

Systemic risk prioritised over international norms as country returns to zero failure era

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

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

Beijing raises $4bn as debt costs relative to Treasuries fall to historically low levels

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