China's corporate bond issuance hit a new record high in the first quarter this year, growing significantly in March alone, boosted by the introduction of registration-based bond mechanism and loose liquidity condition after the authority eased monetary policy to boost economic growth.
Meanwhile, 18 issuers have defaulted on 40 corporate bonds and more than 1000 Chinese companies had their outlook downgraded to negative in the first three months due to the impact of the coronavirus . . .
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