Sou Hu Cai Jing·2025-12-12 20:42Group 1 - The 2025 Bond Market High-Quality Development Conference will be held in Zhengzhou from December 17 to 19, featuring a dedicated session on asset securitization for the first time [1] - The asset securitization session aims to respond to national policies for revitalizing existing assets and will focus on tools like REITs, CMBS, and ABS to help companies convert assets into capital [1] - The Henan Provincial Financial Office aims for private enterprise bond financing to exceed 20 billion yuan by 2026, enhancing the cultivation of bond issuance entities and project reserves [3] Group 2 - The Ministry of Finance plans to issue two special government bonds with a total scale of 750 billion yuan, including a 4 billion yuan 10-year bond and a 3.5 billion yuan 15-year bond [5] - The newly released Sci-Tech CDS Index consists of 25 prominent tech bond issuers, focusing on high-tech manufacturing, services, and strategic emerging industries [6] - The People's Bank of China conducted a 1,898 billion yuan 7-day reverse repurchase operation, resulting in a net injection of 1,105 billion yuan [7] Group 3 - Henan Province issued 11.4756 billion yuan in government bonds, with funds allocated for debt repayment and key infrastructure projects [8] - The first specific asset income rights investment business in Henan has been established, marking an innovative financial tool in the region [14] - Contemporary Amperex Technology Co., Ltd. plans to register bonds not exceeding 10 billion yuan for project construction and debt repayment [15] Group 4 - CIFI Group reported overdue debts totaling 1.898 billion yuan, with restructuring plans approved for its existing bonds [19] - The market outlook suggests that low interest rates may not provide a stable environment for the bond market, with potential for increased volatility in 2026 [20][21]