China's bond market will remain under...>

CHINA PRESS: China's bond market will remain under pressure as issuance rises

but demand remains weak, the China Securities Journal reported Tuesday. After a

sharp decline in the first half of year, the issuance of both treasury and

corporate bonds is expected to  jump in the rest of 2017, the newspaper

predicted. But the market's appetite is still limited, particularly among

commercial banks, which are the main buyers of bonds, at a time of tight

liquidity and with a large number of negotiable certificates of deposit

maturing. Treasury bond issuance is expected to reach as much as CNY6.15

trillion in the second half of the year, which would be an increase of CNY570

billion compared with the same period last year, while issuance of corporate

bonds will accelerate after a wave of cancellations in the first half. (China

Securities Journal)