Report: Reform and Development of China’s Bond Market(2026)
Updated: Apr.14, 2026 Print

  In 2025, China's bond market delivered remarkable high-quality development, with deepened market-oriented reform, product innovation and opening-up. To present a comprehensive picture of China's bond market to global participants and facilitate overseas institutions' in-depth participation, the National Association of Financial Market Institutional Investors (NAFMII) officially released the bilingual report: Reform and Development of China’s Bond Market (2026).

  Structured around six core areas, the report reviews the achievements of reform and development in China's bond market in 2025. It covers macroeconomic and financial landscape alongside an overview of the interbank bond market, the development of market-oriented operation mechanisms, the provision of diversified investment and financing products, the evolution of risk hedging instruments, enhancements to self-regulation and services, and high-level opening-up, comprehensively addressing the concerns of international institutions.
  As a flagship annual publication, the Reform and Development of China’s Bond Market Report has been released for many years consecutively. It serves as a crucial reference for global market participants seeking to understand China's bond market and builds a professional communication bridge for the opening-up of China's bond market.