City investment bonds are a type of corporate bonds. The purpose of their issuance is for the construction of urban infrastructure. The issuers of city investment bonds are local investment and financing platforms. City investment bonds are backed by local governments, so their credit Higher level.

Urban investment bonds, also known as "quasi-municipal bonds", are local investment and financing platforms that serve as the issuance entities and publicly issue corporate bonds and medium-term notes. Most of their main businesses are local infrastructure construction or public welfare projects. From underwriters to investors, everyone involved in the bond issuance process regards it as a bond issuance by the local government. As the wave of "new debt" continues to heat up, corporate bonds have become the most "hot" investment type in the bond market. With the current yield level at a historically low level and the overall bond market not yet out of consolidation, corporate bonds have taken advantage of their high interest rates to recreate the explosive market situation of "sold out at opening and hard to get a ticket" in the heyday of corporate bonds. According to Wind data statistics, the number of corporate bond issuances in February has approached the "blowout level", and medium-term notes have taken over as the most active type of new bond issuance that month. The latest statistics from the Central Bond Depository and Clearing Co., Ltd. show that from January to November 2009, local corporate bonds issued nationwide totaled 197.133 billion yuan, the vast majority of which were called "quasi-municipal bonds." of urban investment bonds. This scale is equivalent to the 200 billion yuan in local government bonds issued by the state in 2009. Some urban investment bonds are "over-packaged", exacerbating risks.

Response time: 2021-11-30. For the latest business changes, please refer to the official website of Ping An Bank.