年内发行规模同比增两成 上交所公司债存量已近14万亿元

Core Insights - The Shanghai Stock Exchange (SSE) bond market has been active since 2025, with an issuance scale of nearly 4.5 trillion yuan, representing a year-on-year growth of 20% [1] - The high-growth industry bonds launched this year have seen 88 issuances, while the sci-tech bonds have increased by over 60% year-on-year, and the support bonds for small and micro enterprises have surged by over 800% [1] - The issuance of bonds supporting national strategic initiatives has also grown by over 50% [1] - As of the end of November 2025, the outstanding scale of the SSE corporate bond market is nearly 14 trillion yuan, making it one of the largest exchange bond markets globally in terms of both issuance and outstanding scale [1]