1. People's Bank of China: Actively and prudently address financial risks in key areas and orderly reduce existing risks.
2. Local government debt reduction is accelerating, and the balance of implicit debt is rapidly decreasing.
3. State Administration of Foreign Exchange: my country's external debt scale will remain stable with a slight decrease in 2025, and the overall external debt risk is controllable.
4. ECB Governing Council member Villeroy: It is still too early to bet on the timing of interest rate hikes.
5. Fiscal year portfolio adjustments triggered a sell-off in long-term bonds; State Street expects the Japanese bond yield curve to return to stability.
6. Japan's sovereign rating is temporarily maintained; S&P warns that yen depreciation may lead to a downgrade.
7. Qiu Yong of the Shanghai Stock Exchange: Vigorously leverage the advantages of equity and debt financing to focus on serving the development of new productive forces.
8. Nearly one trillion yuan of replacement bonds were implemented in the first quarter; proactive fiscal policy at the beginning of the year balanced "burden reduction" and "efficiency improvement."
9. The performance rankings of pure bond funds in March are released; some medium- and long-term bond funds saw drawdowns of over 2%, while short-term bond funds all achieved positive returns. 10. The Shanghai Clearing House supports the launch of the first batch of offshore bond credit derivatives issued under the "Magnolia Bond" model.
11. Zhongman Petroleum: The company's overseas subsidiary plans to issue overseas bonds to broaden diversified financing channels and optimize its debt structure.
