China primary bond market:

Onshore issuance down 20%

Offshore credit bonds new issuance: 44 Chinese issuers raised $13 billion of debt in the offshore market in July. Guangzhou R&F Properties was the largest issuer.
Onshore credit bonds new issuance: 106 issuers raised 1 trillion yuan of bonds in the China onshore market in July, with new issuance volume decreasing 20% from the previous month
Subscription rates for dollar bonds issued by Chinese entities were surpassed by those from other Asia-Pacific ex-Japan markets excluding Hong Kong for the third month since May 2022, with overall subscription rate dropping in July 2022.
The industrial sector is fluctuating on issuance volume of debut issues despite its continuous lead compared to other industries in rolling one year.

Issuance amount across currencies ($ millions)

Source: Bloomberg Quant Platform (BQuant), Global Data

Offshore new issuance subscription by market of risk

Source: Bloomberg Quant Platform (BQuant), Global Data

Debut issue by industry

Source: Bloomberg Quant Platform (BQuant), Global Data

China onshore new issuance monthly (CNY:MM)

Source: LEAG <GO>

APAC ESG bonds issuance: China's ESG bond issuance volume regained the lead in Asia after being surpassed by Korea in May 2022.
China ESG bonds issuance: Green bonds continued to dominate ESG issuance in the Chinese market. Sustainability-linked bond issuance had a significant increase in July.
China ESG bonds issuance by industry: The financial sector's ESG bonds issuance volume regained the leading position in July after being surpassed by the industrial sector in June.

ESG bonds issuance volume in Asia-Pacific

Source: Bloomberg Quant Platform (BQuant), Global Data

ESG debt issue by theme in Chinese market

Source: Bloomberg Quant Platform (BQuant), Global Data

ESG debt issue volume by industry in Chinese market

Source: Bloomberg Quant Platform (BQuant), Global Data