YY Asia

We are kicking off the week with a report focusing on the credit risks of some Chinese convertible bond issuers in the medical device industry, especially in the face of higher tariffs, drug regulatory issues and other issues. 🔗 Full report: https://lnkd.in/eqrJTxxU #yyasia #ratingdog #credit #risks #convertiblebonds #China #medical #pharmaceutical #industry

The market has been paying close attention to land reserve special bonds recently given the need to revive the real estate market. We wrap up the week with a review of policy guidelines on the extraordinary policies. 🔗 Full report: https://lnkd.in/esz-94sE #yyasia #ratingdog #China #property #policy #highyield

Overall growth rate for medical devices has slowed down in recent years, despite the industry being less affected by #economic cycles. We look at how the market for different medical devices have performed in China. 🔗 Full report: https://lnkd.in/ezV2ys6v #yyasia #ratingdog #highyield #consumables #healthcare #industry #credit #China

In our coverage on cyclical industries this week, we look at how some cyclical segments have performed in February amid an easing of the Russian-Ukraine conflict, Trump's tariffs, and other global affairs. 🔗 Full report: https://lnkd.in/eyvdDhng #yyasia #ratingdog #China #cyclical #highyield

The recent mandatory redemption and delisting of Bank of Chengdu and Bank of Jiangsu's convertible bonds have prompted the market to focus on other equity-like financial convertible bonds. We zoom in on CBs issued by Bank of Nanjing and Bank of Hangzhou in this report. 🔗 Full report here: https://lnkd.in/dj9DfKKk #yyasia #ratingdog #China #convertible #bonds #highyield #financial

Amid factors such as the real estate industry downturn, tightening financing, and lacklustre sales, China's construction agency business is being favoured for its stable cash flow and light asset model. We dive into the industry's current market status and business model in our latest report. 🔗 Full report: https://lnkd.in/duK9UVAP #yyasia #ratingdog #China #realestate #property #downturn #cyclical #highyield #credit #research

We start off the week with a review of bond #market fundamentals and related market trends between 3rd and 9th March this year. Full report here: https://lnkd.in/e8QAzSam #yyasia #ratingdog #China #bonds #highyield #credit

Following China's #TwoSessions meetings conclusion this week, we interpret key economic goals in the 2025 Government Work Report, which touched on unemployment and monetary policy. 🔗 Full report: https://lnkd.in/eXuqffRy #yyasia #ratingdog #macro #highyield #credit #China #2025 #economy

#China's #property market saw some decline in February as sales fell and growth of land acquisition slowed compared to January. We take a closer look at the performance of the top developers across central enterprises, SOEs and private developers. 🔗 Full report: https://lnkd.in/e9iG54Fz #yyasia #ratingdog #realestate #developer #highyield #land #credit

A unit of China Merchants Group has emerged with a #restructuring proposal for #Dangdai Group. We delve into more details, breaking down claims across classes and Dangdai's assets in our latest report. 🔗 Full report: https://lnkd.in/eyNWCm5d #yyasia #ratingdog #China #chinamerchants #distressed #credit #creditor #bankruptcy #highyield