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          July 17, 2020

          2020H1 China’s Monetary Policy and Government-backed Bonds Review and Outlook: Yields Have Hit Lows under the Loose Monetary Environment for Pandemic Control and might Go Up as Monetary Policy Becomes Normalized

          Hong Kong, 17 July 2020 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) issued a report entitled “2020H1 Review and Outlook of Monetary Policy and Government-backed Bonds: Yields Have Hit Lows Low Yields Have Appeared under the Loose Monetary Environment Policy for Pandemic Control and Higher might Go Up as Monetary Policy Becomes Normalized”. In the Report, CCXI indicated that if the pandemic can be brought under overall control nationwide in the second half of 2020 (2020H2), the economic fundamentals in China are likely to rally up slightly compared with those in H1.  


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