24 Apr 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Issuance of special purpose bonds (SPBs) slowed in Q1 2024, but the finance ministry (MoF) isn’t worried.
The data: Last quarter, local governments issued RMB 634.2 billion in SPBs, accounting for 16% of the 2024 full-year quota.
That’s down by almost half from Q1 2022 and 2023, when local g...
April 30, 2024
China's passenger car exports hit a record high in March, driven by new energy vehicles (NEVs). According to the latest China Passenger Car Association (CPCA) data, in March, passenger vehicle exports hit: 406,000 total units – up 39% y/y and… Read More »
April 30, 2024
China's passenger vehicle sales are trucking along with steady growth, driven (as usual) by new energy vehicles (NEVs). According to the latest China Passenger Car Association (CPCA) data, domestic passenger car retail sales grew: 6% y/y in March, reaching 1.687… Read More »
April 30, 2024
Debt-afflicted private developer CIFI Holdings Group has come to terms with its overseas creditors. In an exchange filing published Monday, the firm said a key creditor group has “in principle” approved its USD 7 billion debt restructuring plan. The group… Read More »