【立方债市通】信贷ABS信息登记新规发布/郑州交投发行5亿元绿债/机构预计6月信用债震荡下行

Focus on Credit ABS - The Banking Credit Asset Registration and Circulation Center has revised the rules for credit asset securitization, requiring reporting of significant events that may adversely affect asset-backed securities within three working days [1] Macro Dynamics - The Trading Association and Shanghai Bill Exchange held a meeting to discuss the expansion of supply chain bill ABS business, aiming to connect the bill market with the bond market and support small and micro enterprises [3] Central Bank Operations - The central bank conducted a 454.5 billion yuan reverse repurchase operation, resulting in a net withdrawal of 375.5 billion yuan due to the maturity of 830 billion yuan in reverse repos [4][5] Regional Highlights - Zhengzhou plans to add seven urban renewal projects with a total investment of 13.176 billion yuan [6] - Zhejiang issued the first special bonds for acquiring existing housing, totaling 1.653 billion yuan for eight projects [8] - Shaanxi is guiding enterprises to formulate debt repayment plans and explore various financing channels [9] - Shaoxing is providing subsidies to listed companies for refinancing and debt financing [10] Issuance Dynamics - Zhengzhou Transportation Development Investment Group issued 500 million yuan in green perpetual bonds at a rate of 2.20% [11] - Luohe Investment Holding Group issued 660 million yuan in company bonds at a rate of 2.30% [12] - Kaifeng Urban Development Group is seeking underwriters for a bond issuance of up to 1 billion yuan [13] - The Ministry of Finance plans to issue 80 billion yuan in book-entry discount treasury bonds [14] - China Great Wall Asset Management issued the first bad asset securitization product in the exchange market, totaling 1.77 billion yuan [15] - Xinjiang Small Loan Company issued 300 million yuan in bonds to support small and micro enterprises [16] Market Sentiment - The credit bond market is expected to experience a high probability of fluctuation and decline in June, influenced by ongoing interest rate adjustments and new policy financial tools [22] - Static analysis indicates that various credit bonds can withstand limited upward pressure in June [23]