Protects investors and financial institutions from economic losses resulting from political risks such as expropriation, exchange restrictions, war, political riot and breach of contract in the country where investment is made. The maximum tenor is 20 years. 　　

Under the overall planning and guidance of CSRC, SZSE recently issued the Business Guide of Shenzhen Stock Exchange for Credit Protection Instruments (Revised in 2022). Shenzhen Securities Information Co., Ltd. (SSIC), as one of the first portfolio managers of the portfolio credit protection contracts (“CDX”), launched “CNI-SZSE CDX Portfolio for SZSE Major Issuers” and “CNI-SZSE CDX Portfolio for Major Issuers of Guangdong-Hong Kong-Macao Greater Bay Area”, marking the official start of the pilot project of CDX business at SZSE.

Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government and bondholders, its Finance Minister Situmbeko Musokotwane said on Sunday. The International Monetary Fund (IMF) on Thursday approved a $1.3 billion, 38-month loan programme, a step taken after its main creditors China and France agreed in July to negotiate to restructure the southern African country's debt.

Steady credit growth, ample liquidity, sensible stimulus, price stability in focus.

Subscribers may share up to 10 Zambia has secured a $1.3bn IMF bailout package, enabling the African nation to advance talks with creditors on exiting a default that will test how Beijing handles the souring of its loans to developing nations.

China's fourth largest State-owned commercial banks－the Big Four－will step up countercyclical credit extension in the second half to help stabilize economic growth and continue to optimize their credit structures by allocating more financial resources to key fields and weak links of the economy, said senior executives of the banks.

In June, the executive meeting of the State Council announced an increase of 800 billion yuan ($116.8 billion) in policy banks' lending quotas and 300 billion yuan of financial bonds to replenish major project funds. Moreover, it repeatedly called on more capital investment and financial support for key areas and weak links.

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China has stepped up reform in its credit rating industry as new rules to improve standards and regulations of the sector took effect on Aug 6, amid the country's broader push to curtail financial risk and further unleash the potential of its huge bond market.

The Banque centrale du Luxembourg informs that the aggregated balance sheet of credit institutions reached 998,592 million euros on 30 June 2022, compared to 1 014 983 million euros on 31 May 2022, a decrease of 1.61%.

A statement released by Zambia’s Paris Club bilateral creditor committee on 30 July should be sufficient to unlock a first tranche of IMF funding in the coming months, substantially improving the country’s near-term external liquidity.