The bond market Fengyun ｜ In the first quarter, the compliance situation of the rating agency was ex

Zhongxin Jingwei June 13th (Lei Zongrun) On the 13th, Shibor's short -term varieties are mostly on the market. Overnight varieties are reported to 1.408%, and 7 -day upward up to 2.5bp reported 1.7%, 1BP reported 1.611%upward in 14 days, and 0.1bp to 1.889%in 1 month. Judging from the news, what news is worthy of attention in the bond market? Jingwei Jun combed you one by one.

[Research Focus]

Central Bank: Carry out 10 billion yuan 7 -day reverse repurchase operation

In the first quarter, the business operation and compliance of credit rating agencies in the bond market was released

Minsheng Securities: Chairman Feng Henian was investigated and unable to perform his duties

Fitch: Confirm that Haidilao's "BBB-" has a long-term issuer's breach of contract rating, and the outlook is lowered to "negative"

SDIC Electric: It is intended to issue no more than 5.7 billion yuan for renewal corporate bonds

【Macro Express】

Central Bank: Carry out 10 billion yuan 7 -day reverse repurchase operation, winning interest rate 2.10%

The central bank announced that in order to maintain the liquidity of the banking system reasonable and abundant, it carried out 10 billion yuan 7 -day reverse repurchase operation on June 13, with a bid interest rate of 2.10%. Wind data shows that 10 billion yuan of reverse repurchase expiration today, so the day was completely hedged to the expected period.

The latest financial data shows that May M2 increased by 11.1%year -on -year, M1 increased by 4.6%year -on -year, and the growth rate was 0.6 higher than the end of last month and 0.5 percentage points lower. In May, RMB loans increased by 1.89 trillion yuan, an increase of 392 billion yuan year -on -year. The increase in social financing in May was 2.79 trillion yuan, an increase of 839.9 billion yuan over the same period last year.

State Council: Further promote the reform of the fiscal system below the province

On June 13, the General Office of the State Council issued the "Guiding Opinions on Further Promoting the Reform of the Financial Systems below the province", which requested clearly to clearly define the liabilities and expenditure responsibilities below the province. Moderate strengthening education, scientific and technological research and development, basic pension insurance for employees, basic medical insurance for urban and rural residents, grain safety, major infrastructure planning and construction of cross -city and county, ecological environmental protection and governance of key areas (watersheds) And urge the provincial financial power to resolve the risk of local government debt. The basic public services such as social public security, municipal transportation, urban and rural construction, rural highways, and public facilities management such as social security, municipal transportation, urban and rural construction, rural roads, and public facilities are provided directly for the grass -roots governments.

【Regulatory sound】

In the first quarter, the business operation and compliance of credit rating agencies in the bond market was released

Recently, the Securities Industry Association and Dealer Association reported that in the first quarter, 14 rated institutions contracted 1879 bond products, a year -on -year decrease of 23.65%, and a decrease of 26.57%month -on -month. In the first quarter, there was no positive adjustment, and negative adjustments were increased year -on -year; the level of 50 % was slightly adjusted; nearly 30 % of the enterprises received multiple rating, and the inconsistent rate of the same issuer increased slightly.

【Entreprise's news】

Minsheng Securities: Chairman Feng Henian was investigated and unable to perform his duties

On June 13, Minsheng Securities Co., Ltd. announced that Mr. Feng Heian, the company's legal representative, chairman, president, and executive committee chairman, was investigated and unable to perform his duties suspected of disciplinary violations, and temporarily could not expect duration. At present, the company has started to study other people who meet the corresponding qualifications to perform the corresponding responsibilities of Mr. Feng Heian and maintain the company's normal business order.

AVIC system: subsidiaries planning major asset reorganization

On June 13, AVIC Machinery Byrocleat System Co., Ltd. announced that the company's Holdings AVIC and China Aviation Technology Industry Co., Ltd. Holdings and Aircraft Corporation participated in AVIC Electronics System Co., Ltd. Reorganization, the stocks of the two companies have been suspended from May 27.

Guangzhou Metro Group: "16 Guangzhou Metro Recent Bonds 02" Exhibition period 3 years

On June 13, Guangzhou Metro Group Co., Ltd. announced that the "16 Guangzhou Metro Recent Bonds 02" exhibition period was 3 years, and the bonds were on July 25, 2022 after the exhibition period, and bonds after the exhibition period until July 2025, 2025 25th.

Huaxia Happiness: Some bonds continue to suspend trading

On June 13, Huaxia Happiness Basic Holdings Co., Ltd. announced that some bonds are promoting the formulation of the payment plan. It is currently suspended and will continue to suspend trading in the process of promoting the payment plan.

【Rating changes】

Fitch: Confirm that Haidilao's "BBB-" has a long-term issuer's breach of contract rating, and the outlook is lowered to "negative"

On June 13, Fitch reported that the long-term issuer of Haidilao International Holdings Co., Ltd.'s breach of contract was "BBB-", and the outlook was lowered from "stability" to The mortgage bill rating is "BBB-".

Fitch: Confirm that Jinjiang International "BBB-" has a long-term foreign currency issuer's breach of contract, and the outlook is reduced to "negative"

On June 10, the Fitch Report stated that the long-term foreign currency issuer of Jinjiang International (Group) Co., Ltd. was rated as "BBB-", and the outlook was lowered from "stability" to "negative" and confirmed that its senior unsecured rating was as a rating as a rating as a high-level unsecured rating as it was as a rating of unsecured rating as it. "BBB-".

Fitch: Confirm that China Merchants Bank's "A-" long-term foreign currency issuer breach of contract rating and look forward to "stable"

On June 13, Fitch Report stated that the long-term foreign currency issuer's breach of contract rating of China Merchants Bank Co., Ltd. was confirmed to be "A-", looking forward to "stable", and confirmed that its short-term issuer's breach of contract was rated as "F1", survival power rating rating "BB+". Fitch: Confirm that SPD Bank "BBB" has a long -term foreign currency issuer's breach of contract and look forward to "stable"

On June 13, Fitch reported that the long -term foreign currency issuer's breach of contract of Shanghai Pudong Development Bank Co., Ltd. was confirmed to be rated as "BBB", looking forward to "stable", and confirmed that its short -term issuer's breach of contract was "F2", survival power, and survival power The rating is "BB-", and its rating of the US $ 5 billion medium-term bill plan is "BBB".

【New debt issuance】

SDIC Electric: It is intended to issue no more than 5.7 billion yuan for renewal corporate bonds

On the evening of June 13, SDIC Power issued an announcement that the company intends to disclose the scale of non -renewable corporate bonds with a public issuance scale of not more than 5.7 billion yuan (including 5.7 billion yuan). Debt structure, supplementary funds, project investment and applicable laws and regulations allow other purposes.

Dayuan Pump Industry: It is planned to issue convertible bonds not exceeding 450 million yuan

On the evening of June 13, the Dayuan Pump Industry announced that it was planned to issue convertible bonds for not over 450 million yuan. funds. (Zhongxin Jingwei APP)

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

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Editor in charge: Li Zhongyuan

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