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          January 19, 2021

          Yield of 10-year Government Bonds Likely to Reach Its Peak to 3.5% in Q3

          Hong Kong, 19 January 2021 -- China Chengxin International Credit Rating Co., Ltd. (“CCXI”) released a report titled “Monetary Policy is from Broad to Stable and the Issuance of Interest Bonds Increased Significantly,the Yield might Gradually Reach the Peak to 3.5% in the Third Quarter: Review and Outlook of Interest Bonds of Year 2020”, believing that with further economic recovery, micro policies are likely to tighten marginally as fundamentals become better, scale policy instruments may exit successively, and the supply pressure of interest bonds in 2021 will be probably lower than that in 2020.


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