Since this year, the success rate of credit bond issuance in the primary market has risen markedly, and the scale of plans to delay or cancel the issuance of bonds has shrunk drastically. According to the data, as of November 8, the total amount of credit bonds suspended during the year was about 149.381 billion yuan, a sharp drop of 45.07% over the previous year. However, there is a phased split in the market: since late October, the scale of delayed issuance of credit bonds has ushered in a wave of rebound, and high-ranking state-owned enterprises are still the main force. An interviewee agency source told reporters that this round of suspension of bond issuance is not a deterioration in corporate credit fundamentals; it is more about issuers taking the initiative to adjust the issuance window in the face of fluctuations in the secondary market.

Since this year, the success rate of credit bond issuance in the primary market has risen markedly, and the scale of plans to delay or cancel the issuance of bonds has shrunk drastically. According to the data, as of November 8, the total amount of credit bonds suspended during the year was about 149.381 billion yuan, a sharp drop of 45.07% over the previous year. However, there is a phased split in the market: since late October, the scale of delayed issuance of credit bonds has ushered in a wave of rebound, and high-ranking state-owned enterprises are still the main force. An interviewee agency source told reporters that this round of suspension of bond issuance is not a deterioration in corporate credit fundamentals; it is more about issuers taking the initiative to adjust the issuance window in the face of fluctuations in the secondary market.