日本五年期债券发售尾部需求指标创一月以来最高。 ...

Core Insights - The offshore RMB market in Hong Kong has been continuously enriched, with innovative measures for bond market opening being trialed in Hong Kong, which will inject sustained momentum into the construction of Hong Kong as an international financial center [1][2] - The scale of foreign institutions investing in Chinese bonds has increased significantly from less than 1 trillion yuan to a peak of 4.5 trillion yuan since the launch of the Bond Connect [1] - The number of global foreign investors in the interbank market has reached 1,169 from 71 countries and regions, with 835 being Bond Connect foreign investors, indicating a growing international interest in RMB bonds [1] Market Development - The People's Bank of China and the Hong Kong Monetary Authority have played a crucial role in enhancing the competitiveness of RMB bonds in the international financial market [1] - The ongoing implementation of institutional opening requirements has deepened the market-oriented, internationalized, and rule-of-law construction of the bond market [1] - The trading activity of foreign investors in bonds, repos, and derivatives has increased, with the scale of bond holdings reaching a new high this year [1] Strategic Positioning - The development of mechanisms such as Bond Connect and Swap Connect is enhancing Hong Kong's role as a primary hub connecting the mainland and international markets [2] - Despite the accelerating changes in the international landscape and increased market volatility, the domestic market maintains its determination and resilience in opening up [2] - Various parties, including the China Foreign Exchange Trading Center and Bond Connect Company, are committed to exploring ways to enhance the attractiveness and influence of RMB bonds in the international financial market [2]

福建发行3年期普通专项地方债，规模5.4194亿元，发行利率1.4400%，边际倍数1.96倍，倍数预期 1.45； 福建发行10年期普通专项地方债，规模86.5481亿元，发行利率1.7000%，边际倍数2.33倍，倍数预期 1.73。 福建发行7年期一般债地方债，规模100.0949亿元，发行利率1.6500%，边际倍数1.43倍，倍数预期 1.68； ...

Core Insights - In June, Japan's bank loans, including trusts, increased by 2.8% year-on-year [1] - Japanese investors net purchased 2.121 trillion yen in foreign bonds in June [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 重要提示 1.易方达安如30天持有期债券型证券投资基金（以下简称"本基金"）根据中国证券监督管理委员会《关 于准予易方达安如30天持有期债券型证券投资基金注册的批复》（证监许可[2025]972号）进行募集。 2.本基金为契约型开放式、债券型证券投资基金。本基金对于每份基金份额设定30天最短持有期限，投 资者认购基金份额后，自基金合同生效日至赎回确认日不得少于30天。 3.本基金的管理人和登记机构均为易方达基金管理有限公司（以下简称"本公司"），托管人为交通银行 股份有限公司。 4.本基金将自2025年7月14日至2025年7月25日通过基金管理人指定的销售机构公开发售。基金管理人根 据认购的情况可适当调整募集时间，并及时公告，但最长不超过法定募集期限。 5.基金份额类别 本基金将基金份额分为A类基金份额、C类基金份额。在投资人认购/申购基金时收取认购/申购费用，并 不再从本类别基金资产中计提销售服务费的基金份额，为A类基金份额；从本类基金资产中计提销售服 务费，并不收取认购/申购费用的基金份额，为C类基金份额。 本基金各类基金份额分别设置代码，分别计算并公布 ...

Core Insights - In the first half of 2023, 95% of the 6,831 comparable bond funds reported positive performance, with 6,505 funds increasing in value, 29 remaining flat, and 297 declining [1][2] - The top-performing funds included Huashang Fengli Enhanced Regular Open Bond A and C, with returns of 18.35% and 18.11% respectively, primarily investing in convertible bonds [1][2] - Historical data shows that Huashang Fengli Enhanced Regular Open Bond A/C has achieved a cumulative return of over 130% since its inception in September 2016, indicating strong stability [1] Fund Performance - The second tier of funds, such as China Europe Convertible Bond A and Bosheng Convertible Bond Enhanced A, reported gains exceeding 12%, with specific returns of 12.53% and 12.36% respectively [2][3] - The top holdings of these funds predominantly include convertible bonds, with a small allocation to government bonds [2] - The fund managers of these top-performing funds have extensive experience, with some managing public funds for nearly two decades [2][3] Declining Funds - Despite the overall positive market trend, only 9 bond funds experienced declines of over 2%, with the largest drop being 2.47% for the Green Ju Xin Enhanced Bond C, which held no bond assets [3][4] - Other funds that declined include Norde Enhanced Yield Bond, which fell by 2.33%, primarily holding government bonds and a small percentage of stocks [4] - The overall trend indicates a strong bond market performance, with only a few exceptions among the funds [3][4]

// 债市综述 // 1. 公开市场操作 央行 公告称， 7 月 7 日以固定利率、数量招标方式开展了 1065 亿元 7 天期逆回购操作，操作利率 1.40% ，投标量 1065 亿元，中标量 1065 亿元。 Wind 数据显示，当日 3315 亿元 逆回购到期 ，据此计算，单日净回笼 2250 亿元。 （*数据来源：Wind-央行动态PBOC） 2. 资金面 资金面延续宽松，但隔夜等短期资金利率开始筑底。存款类机构隔夜质押式回购利率微幅上行，目前仍位于 1.31% 位置，七天质押式回购利率则上行超 4 个 bp 至 1.46% 位置。 海外方面，最新美国隔夜融资担保利率为 4.40% 。 （IMM） 3. 同业存单 全国和主要股份制银行一年期同业存单最新成交在 1.59% 附近，较上日变化不大。 （*数据来源：Wind-同业存单-发行结果） 4. 银行间主要利率债收益率 （*数据来源：Wind-国际货币资金情绪指数、资金综合屏） （*数据来源：Wind-成交统计BMW） 5. 近期城投债（AAA）各期限利差走势及数据 | | 1Y | | 2Y ЗУ | SY | 7Y | 10Y | 超长债 | | ...

Core Insights - Broadcom (AVGO.O) has issued a total of $6 billion in investment-grade bonds, marking the largest bond issuance by the company in 2025 to date [1] - The pricing of the 10-year bonds was tightened by 30 basis points from the initial guidance, indicating strong demand from investors [1]

Group 1 - The company, Ningbo Bohui Chemical Technology Co., Ltd., issued convertible bonds totaling RMB 397 million, with a face value of RMB 100 per bond, approved by the China Securities Regulatory Commission [2][3][15] - The bonds have a six-year term, from August 16, 2022, to August 15, 2028, and are listed on the Shenzhen Stock Exchange under the name "Bohui Convertible Bonds" [3][4][10] - The annual interest rates for the bonds are set to increase progressively from 0.40% in the first year to 3.00% in the sixth year, with interest paid annually [4][10][22] Group 2 - The company reported a significant decline in net profit, amounting to a loss of RMB 306.82 million, a decrease of 51.18% year-on-year, attributed to market conditions and production halts [13][15][28] - Total assets increased by 1.13% to RMB 2.135 billion, while operating revenue decreased by 17.94% to RMB 2.279 billion [13][15] - The company has been closely monitored by its bond trustee, Everbright Securities, which ensures compliance with regulations and the proper use of raised funds [13][30] Group 3 - The company announced a temporary suspension of production for certain facilities starting June 12, 2024, affecting its main revenue sources [14][29] - A recovery plan was initiated, with a resumption of production announced on August 26, 2024 [14][29] - The company has also adjusted its fundraising strategy, reallocating some funds to cover operational costs and repay bank loans due to changes in market conditions [30][30]

债券简称：金埔转债 债券代码：123198 长江证券承销保荐有限公司 关于金埔园林股份有限公司向不特定对象 发行可转换公司债券的临时受托管理事务 报告 金埔园林股份有限公司向不特定对象发行可转换公司债券 股票简称：金埔园林 股票代码：301098 债券受托管理人： 中国（上海）自由贸易试验区世纪大道1198号28层 金埔园林股份有限公司向不特定对象发行可转换公司债券 2025 年度第 3 次临时受托管理事务报告 声 明 长江证券承销保荐有限公司（以下简称"长江保荐"、 "保荐人"或"受托管 理人"）编制本报告的内容及信息均来源于发行人相关信息披露文件、金埔园林 股份有限公司（以下简称"金埔园林"、"发行人"或"公司"）提供的证明文件 及第三方中介机构出具的专业意见。长江保荐对报告中所包含的相关引述内容和 信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和完整性做 出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为长江保荐所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，长江保 ...