The issuance of corporate bonds.........>

CHINA PRESS: The issuance of corporate bonds decreased by around 60% in

valuation in the first 10 months of this year, although new bond categories

experienced high growth, the Securities Daily reported Friday. Through October,

1,074 corporate bonds were issued, raising CNY1070.73 billion, down 58.87% from

a year ago, Pengyuan Credit Rating data show. In the same period, 22 green

corporate bonds were issued, with a volume of CNY22.76 billion. The issuance of

corporate bonds of innovative companies rose quickly, totaling 16, worth CNY3.14

billion, the newspaper said, without giving any base number or growth rate. The

rapid growth in green company and innovative company bonds could be attributed

to the Chinese government's encouraging development of green finance and small

companies, and vowing to expand financing channels for them. Shi Xiaoshan, an

analyst at Pengyuan, said that with risk controls continuing in the bond sector

and lack of momentum in corporate bonds, yields would continue to diverge.

(Securities Daily)