Meta与私募信贷（PE）巨头Blue Owl Capital合作，通过发行债券筹集270亿美元用于建设数据中心，这 笔交易创下私募债券发行规模纪录，凸显AI基础设施建设对资本的巨大需求。 贝莱德ETF入场 贝莱德部分债券认购流向其ETF产品。据基金披露文件，一只主动管理的高收益ETF上周购入Hyperion 债券，截至周一持仓价值210万美元，已成为该基金目前最大单一投资标的。 10月21日，据媒体报道，全球最大资产管理公司贝莱德认购了超过30亿美元债券，成为该项目最大投资 者之一。这笔债券由摩根士丹利安排发行，获得标普全球评级A+的投资级评级，但收益率却高达 6.58%，接近垃圾债券水平。 该项目名为Hyperion，由Blue Owl持有80%股权，Meta持有剩余20%股权。报道称，通过与Blue Owl的 合资安排，Meta得以将这笔融资置于资产负债表之外，这一结构与英特尔去年与Apollo Global Management合作为爱尔兰110亿美元芯片工厂融资的模式类似。 史上最大私募债交易 Hyperion数据中心项目通过发行270亿美元私募债完成融资，创下私募债市场最大单笔交易纪录。 据报道援 ...

Core Viewpoint - The People's Bank of China (PBOC) Guangdong Branch reported a significant recovery in social financing and monetary credit growth in Guangdong during the first half of 2025, with a notable increase in direct financing and support for key industries [1][2]. Group 1: Social Financing and Credit Growth - In the first five months of 2025, Guangdong's social financing increased by 1.33 trillion yuan, with a total loan balance of 29.6 trillion yuan as of June 2025, reflecting a year-on-year growth of 4.8% [1]. - The growth rate of social financing has been rising for three consecutive months, indicating a positive trend in financial support [1]. Group 2: Structural Changes in Financing - The structure of social financing has been continuously optimized, with direct financing's share increasing. Market-based direct financing, including non-financial corporate bonds, stocks, and local government bonds, rose by 389.4 billion yuan, accounting for 29.2% of the total social financing increment [1]. - Off-balance-sheet financing has contracted, with trust loans, entrusted loans, and unendorsed bank acceptance bills decreasing by 110.9 billion yuan, primarily due to a decline in the issuance of bills in the wholesale and retail sectors [1]. Group 3: Support for Key Industries - Financial support for key industries, including technology, inclusive finance, and green finance, has strengthened, with manufacturing loans increasing by 278.7 billion yuan, representing 22.6% of total loan growth [2]. - Loans for urban renewal projects have also been significant, with 169.7 billion yuan allocated for specific projects, leading to an overall increase of 484 billion yuan in related sectors [2]. Group 4: Deposit Trends - There is a noticeable trend towards increased demand deposits, with household and corporate demand deposits rising by 529.7 billion yuan by the end of June, reflecting an 8.8% year-on-year growth [2]. - The acceleration in demand deposit growth indicates the effectiveness of previous interest rate adjustments, which may stimulate consumption and investment [2].