Group 1 - The interest rate market is still pricing in no rate cuts by the Federal Reserve in December [1] - The Japanese Prime Minister indicated plans to issue new bonds for economic funding, but the total bond issuance will be lower than last year [1] - The Japanese Cabinet approved an economic stimulus package exceeding 21 trillion yen [1] Group 2 - SoftBank issued 46 billion yen in bonds, continuing its record-breaking bond issuance trend [1] - Vanke plans to further divest businesses and assets with low strategic relevance to improve cash flow and debt structure [1] - 15 newly issued technology innovation bond ETFs this year have each exceeded 10 billion yuan in scale, with the total bond ETF scale increasing by over 540 billion yuan this year [1] Group 3 - Insurance companies have issued over 70 billion yuan in bonds this year, with perpetual bonds becoming the main source of capital replenishment [1] - China Reinsurance has been approved to issue 4 billion yuan in 10-year redeemable capital replenishment bonds [1] - The Bond Connect Northbound trading recorded a transaction volume of 572.3 billion yuan in October, with an average daily transaction of 31.8 billion yuan [1] Group 4 - Wuhan Holdings successfully issued the second phase of its 2025 technology innovation perpetual corporate bonds [1]