Bonds

Bonds of mysterious Chinese energy firm CEFC crashed on Thursday amid reports that its chairman Ye Jianming had been detained, complicating its deal to buy a $9bn stake in Russian oil company Rosneft.

U.S. bonds sold off on Wednesday — and that may have been the point.

China is planning to sell dollar-denominated bonds for the first time in a decade, as it seeks to take advantage of investor appetite for Chinese credit amid the country’s unexpectedly strong economic growth.

China’s government will allow foreign investors to trade in the country’s $9.3 trillion bond market, a vital step in helping to internationalise the yuan and help deepen the capital market.

Investors’ long-held assumption that the government would step up for state-run companies is shaken.

Shift in Treasury holdings is latest symptom of emerging-market slowdown hitting global economy.

While the change caught traders off guard, authorities in the world’s second-largest economy are trying to rein in the use of lightly-regulated Local Government Finance Vehicles (LGFVs) as they promote the development of a more transparent municipal...

Outstanding central and local government debt totaled 20.7 trillion yuan at the end of June last year, data from the National Audit Office show.

Just a day after the Federal Reserve hinted that it could soon begin winding down its bond-purchasing program, investors were unnerved by reports that Chinese banks had become reluctant to lend to one another, causing interest rates in the...