Featured Research

Construction Sector - Update Q1.2025

Policy tailwinds drive demand, but margin pressure will weigh on credit profiles
27/06/2025
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Revised Credit Institution Law

Legal Reform to Enhance Bad Debt Recovery and Regulatory Intervention, a Credit Positive for Banks
27/06/2025
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Amended Enterprise Law 2025

New leverage cap unlikely to hinder new bond issuance, but investors must scrutinize repayment strength
26/06/2025
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Securities Sector - 3M2025 Update

Momentum Builds on Market Optimism; Funding Stability Set to Improve
18/06/2025
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Automotive Sector - Update Q1.2025

Full Throttle: Q1/2025 Auto Sales Rebound Boosts Financial Flexibility
18/06/2025
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Research Reports

Showing   / 82 reports
Topic Sector Title Research date Read more
Sector Outlook
Securities

Securities Sector - 2024 Outlook

Outlook improving from continued growth in margin lending profits and investment gains supported by stronger market conditions, while asset risks stabilize from slower bond defaults
12/03/2024 View report
Presentation
Corporate Bond

Corporate Bond Market Outlook - March 2024

Entering a new development phase on a stronger footing, forging ahead to overcome key challenges
11/03/2024 View report
Corporate Bond Market Perspective
Corporate Bond

Corporate Bond Market Perspective - February 2024

Building market discipline is critical to the sustainable growth of corporate bond issuance and slower defaults in the new development phase
27/02/2024 View report
Sector Comment
Banking

Banking Sector - New Credit Institution Law 2024

New Credit Institution Law will strengthen risk governance among banks and empower the regulator to act swiftly to maintain financial sector stability
19/02/2024 View report
Sector Comment
Residential Real Estate

Residential Property Sector: New real estate laws amendment 2024

New real estate laws will pave the way for quicker and prudent development of new housing projects, positive for developers’ credit profiles and sustainable growth of the housing market
22/01/2024 View report
Credit Outlook
Macroeconomics

2024 Credit Outlook

Low interest rates and policy measures will support the recovery of domestic operating conditions and dampen the effects of external uncertainties
12/12/2023 View report
Sector Comment
Residential Real Estate

Residential Property Sector - 9M2023 Update

Poor market sentiment led to weak project sales and operating cash flow, access to new financing is key to cope with refinancing risks
20/11/2023 View report
Sector Comment
Banking

Banking Sector - 9M2023 Update

9M2023 profits fell from the 2022 peak but recovery is within sight as net interest margin and credit pick up
13/11/2023 View report
Sector Comment
Securities

Securities Sector - 9M2023 Update

Profitability recovered from trough levels elevated exposure to higher-risk assets pose downside risk
08/11/2023 View report
Corporate Bond Market Perspective
Corporate Bond

Corporate Bond Market Perspective - October 2023

Proactive negotiations will slow down bond defaults in 2024, marking the start of a new development phase and recovery of bond issuance
10/10/2023 View report
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