Day: October 16, 2020

China drew bumper demand for a dollar bond sale amid growing uncertainties over the U.S. elections and tensions with Washington.

The Ministry of Finance opened up its bond sale to a broad pool of U.S. investors for the first time, potentially diversifying its investor base and setting aside concerns of decoupling in credit markets.
The deal includes China’s debut issuance of 144A notes, as well as previously sold Regulation S senior bonds, allowing participation from a wider range of potential international investors compared to last year’s jumbo global offering of $6 billion dollar bonds and 4 billion euro notes ($4.7 billion).

The total box office market in China reached 12.95 billion yuan ($1.93 billion) in 2020, a box office achievement that also allowed China to surpass North America’s $1.925 billion and become the world’s largest box office for the first time.

China’s IC industry has seen an average compound annual growth rate of more than 20 percent. In 2019, the country’s IC industry reached a size of more than 700 billion yuan (103.1 billion US dollars), up by 15.8 percent year on year.

Currently, the country accounts for nearly 50 percent of the global market share, Yang noted, adding that foreign-invested enterprises contribute more than 30 percent of IC sales revenue on the Chinese mainland.

The semiconductor industry is a global industry, and no country is isolated from the entire industrial chain, said Keith D. Jackson, 2020 chair of the Washington-based Semiconductor Industry Association, at the event, adding that the Chinese government has abided by its commitments to opening up and stabilizing foreign trade and investment, which has bolstered the confidence of foreign enterprises.