China Bond Analytics

This quarterly report reviews China's onshore bond market for the quarter ended September 30, 2026. It covers onshore fundamentals, government and corporate bond yields and spreads, short-term interbank rates and new-issue yields, liquidity conditions, FX loans and deposits, foreign bond inflows and BondConnect trading, bond ownership, onshore issuance and maturities by ownership, industry and rating, and key sectors including LGFVs and real estate. It also tracks rating actions, corporate defaults and default ratios, and compares total returns across key China onshore and offshore bond indices. The provided material is primarily a data-driven quarterly review and does not include explicit single-bond or sector investment recommendations.