With the implementation of localized debt policies and the continued improvement of the market-based credit risk disposal system, and combined market liquidity to maintain a relaxed pattern, domestic credit bond market risks have subsided. According to Wind data, only 2 new defaulters have been added to the credit bond market since this year, and the new default rate is at its lowest level in many years. Industry analysis points out that the continuous restoration of the credit bond market environment in this round is driven by multiple factors: first, monetary policy remains moderately relaxed, and the market has been in a low interest rate range for a long time, effectively relieving corporate financing pressure; second, risk mitigation results in key areas have been outstanding, and stock credit risk continues to be cleared. In the medium to long term, the new default rate in the credit bond market is expected to remain at a historically low level, but weak qualified players at the end of the market still have hidden dangers.

With the implementation of localized debt policies and the continued improvement of the market-based credit risk disposal system, and combined market liquidity to maintain a relaxed pattern, domestic credit bond market risks have subsided. According to Wind data, only 2 new defaulters have been added to the credit bond market since this year, and the new default rate is at its lowest level in many years. Industry analysis points out that the continuous restoration of the credit bond market environment in this round is driven by multiple factors: first, monetary policy remains moderately relaxed, and the market has been in a low interest rate range for a long time, effectively relieving corporate financing pressure; second, risk mitigation results in key areas have been outstanding, and stock credit risk continues to be cleared. In the medium to long term, the new default rate in the credit bond market is expected to remain at a historically low level, but weak qualified players at the end of the market still have hidden dangers.