《2025年双城经济圈债券市场发展报告》在蓉发布

Core Insights - The Chengdu-Chongqing economic circle is positioned as a significant growth engine for high-quality development in China, with both regions expected to exceed a GDP growth rate of 5% by 2025, surpassing the national average [1] - The bond market in the Chengdu-Chongqing area is increasingly supporting the high-quality development of the regional economy, as highlighted in the recently released "2025 Bond Market Development Report" by Tianfu Credit Enhancement [1][2] Group 1: Bond Market Development - The bond market in the Chengdu-Chongqing region has shown a continuous increase in effectiveness, with the total bond stock reaching 7.15 trillion yuan, a year-on-year growth of 10.25% [2] - The issuance of industrial bonds has reached 599.5 billion yuan, focusing on the cultivation of new productive forces and the construction of a modern industrial system [2] - Innovative financial products, such as asset securitization, have made significant progress, with multiple "firsts" in the nation, effectively revitalizing existing assets [2] Group 2: Future Outlook - The report anticipates increased policy support in 2026, with a moderately loose monetary policy and a more proactive fiscal policy expected to continue [2] - The city investment bond market is expected to focus on structural adjustments, while local state-owned enterprises will accelerate their industrial transformation [2] - The functions of industrial bonds in supporting national strategies and addressing weaknesses are expected to be further strengthened [2][3] Group 3: Role of Tianfu Credit Enhancement - Tianfu Credit Enhancement aims to provide comprehensive references for government departments, market participants, and research institutions regarding the bond market in the Chengdu-Chongqing region [3] - The organization plans to leverage its expertise to support major national and provincial strategic deployments, contributing to the high-quality development of the real economy in the Chengdu-Chongqing area [3]