China's corporate bond issuance hit new record high in 2020, analysts warn of default risks in H1 next year as policy tightens

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China's corporate bond issuance hit a new record high in 2020 amid loose monetary aimed at boosting the virus-hit economy. Analysts warn that a large amount of debts will mature in the first half of next year and the tightening policy will challenge companies' refinancing efforts.

According to data from Wind Information, as of December 16, China's corporate credit bonds sales had totaled 11.2 trillion yuan, with net financing at 3.5 trillion yuan, both marking the highest on record. A total of 8.8 trillion yuan worth of corporate bonds were issued . . .

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