According to wind statistics, as of December 29, 2023, the total stock of Chinese mainland bond market reached 15578 trillion, an increase of 13 from the beginning of the year83 trillion. This includes interest rate bonds 9466 trillion yuan, credit debt 4635 trillion and 14 interbank certificates of deposit77 trillion.
Wind statistics on various types of bond issuance data show that the growth of Chinese mainland bond issuance in 2023 is unabated, and the total number of bond issuances of various types in the year is 710 trillion, a year-on-year increase of 15%. The issuance of interest rate bonds reached 263 trillion, an increase of 14% over last year. Its Chinese bonds increased by 14% year-on-year, local ** bonds increased by 26% year-on-year, and the issuance of policy bank bonds remained the same as last year. Issuance of credit bonds190 trillion, an increase of 5% over last year. A total of 25 certificates of deposit have been issued7 trillion, a year-on-year increase of 25%.
According to the CCB-Wind Interbank Bond Issuance Index, which reflects the level of financing costs in the bond market, the overall issuance cost will show a downward trend in 2023. The index has been trading lower since the start of the new year, hitting a year-to-date low of 51 in late AugustPost-94**, after nearly 4 months of rebound, is currently hovering around 60.
How are institutions performing in bond underwriting in 2023?Wind will unveil the 2023 Chinese mainland market bond underwriting ranking for you for the first time. In the field of fixed income, green bonds have made great progress in both issuance and investment in recent years. At the same time, in view of the introduction of a series of debt policies and the issuance of special refinancing local bonds and special treasury bonds, the market-oriented transformation of urban investment entities has been hotly discussed, in order to enable market participants to accurately grasp the pulse of industrial bonds, Wind has launched a forward-looking industrial bond underwriting ranking.
2023 Bond Underwriting Rankings
01 Bank underwriting rankings.
According to the total underwriting amount of banks according to the wind caliber, Industrial and Commercial Bank of China, Bank of China and China Construction Bank ranked the top three, with an underwriting amount of 14,215 respectively0 billion yuan, 13,905700 million yuan, 11,704200 million yuan. 
02 Brokerage underwriting ranking (excluding local bonds).
According to the statistics of the total underwriting amount of securities firms (excluding local bonds), CITIC**, China Securities Construction Investment and Guotai Junan ranked among the top three, with an underwriting amount of 12,937 respectively100 million yuan, 10,512300 million yuan, 8,066300 million yuan. 
03 Brokerage underwriting ranking (including local bonds).
According to the statistics of the total underwriting amount of securities firms, CITIC**, China Securities Construction Investment, and Huatai** ranked among the top three, with an underwriting amount of 19,089 respectively900 million yuan, 14,839400 million yuan, 12,2690 billion yuan. 
Note: In the case of unknown details in the bid amount, the share of local ** bonds is equally divided by the lead underwriters in the underwriting group in the current year) 04nafmii debt financing instrument underwriting ranking.
According to NAFMII's statistics on interbank debt financing instruments, IB 7,34000000000000000000000000CITIC Bank underwrote an amount of 7,1120 billion yuan, ranking second;China Merchants Bank 5,821100 million yuan, ranking third. 
05 Credit Bond Underwriting Ranking.
In terms of credit bonds, CITIC**, China Securities Construction Investment and Guotai Junan ranked among the top three, with an underwriting amount of 12,619 respectively100 million yuan, 10,507300 million yuan, 8,053800 million yuan.
06 Ranking of non-policy financial bond underwriting.
The amount underwritten by CITIC** of non-policy financial bonds was 4,307300 million yuan ranked first, and CICC ranked first with 3,117400 million yuan ranked second, and China Securities Construction Investment ranked second with 2,965200 million yuan ranked third.
07 Asset-backed ** underwriting list (excluding REITs).
Asset-backed **CITIC** with an underwriting amount of 2,105600 million yuan ranked first, and Ping An ** ranked first with 1,73200000000000000000000000000000000000000000000000000000000600 million yuan ranked third. 
08 Medium and long-term bond underwriting rankings.
In the ranking of medium and long-term bonds, the underwriting amount of CITIC** was 17,595800 million yuan ranked first;China Securities Construction Investment is separated from the Bank of China.
The second and third places, with an underwriting amount of 13,931400 million yuan and 11,986500 million yuan.
09 Ranking of underwriting of different types of bank securities.
[GF]25AA[GF]Short-term financing medium-term bill underwriting ranking
Industrial Bank, China CITIC Bank and China Merchants Bank ranked among the top three. Among them, the underwriting amount of IB was 6,333300 million yuan, ranking first;The amount underwritten by China CITIC Bank was 6,2840 billion yuan, ranking second;China Merchants Bank underwrote 5,451200 million yuan, ranking third.
[GF]25AA[GF]Targeted Instrument Underwriting LeaderboardChina CITIC Bank underwrote an amount of 743200 million yuan topped, followed by Industrial Bank and Bank of Nanjing, with an underwriting amount of 521 respectively800 million yuan, 450900 million yuan.
10. Brokerage underwriting rankings by type of securities.
[GF]25AA[GF]Corporate Bond (Wind Caliber) Underwriting Ranking
CITIC** with 4,048300 million yuan topped the top, with China Securities Construction Investment and Guotai Junan each with 3,799500 million and 3,178300 million yuan.
Two or three. [GF]25AA[ GF] Corporate Bond (**Industry Association Caliber) Underwriting RankingThe top three are still CITIC**, China Securities Construction Investment and Guotai Junan, with an underwriting amount of 4,790 respectively600 million yuan, 4,3090 billion yuan, 3,712500 million yuan.
Note: The caliber of ** industry associations includes general corporate bonds, private placement bonds, ** corporate bonds (excluding ** corporate subordinated bonds) and exchangeable corporate bonds.
[GF]25AA[GF]Corporate Bond Underwriting RankingIn terms of corporate bonds, China Securities Construction Investment ranked first, with 179 underwriting in 2023400 million yuan, Tianfeng **, Haitong **.
The second and third places, the underwriting amount is 156400 million yuan and 105700 million yuan.
[GF]25AA[GF]Convertible Bond Underwriting RankingsHuatai ** to 260The underwriting amount of 200 million yuan won the crown;The underwriting amount of CITIC ** was 205500 million yuan, ranking second;Guoxin** underwrote an amount of 121300 million yuan, ranking third.
11 Green Bond Underwriting Rankings.
[GF]25AA[GF]Bank Green Bond Underwriting Ranking (excluding local bonds).
In terms of bank underwriting of green bonds, Bank of China ranked first, with 884900 million yuan, Industrial and Commercial Bank of China, Industrial Bank of China.
The second and third places, the underwriting amount is 573800 million yuan and 294200 million yuan.
[GF]25AA[ GF] Brokerage Green Bond Underwriting Ranking (excluding local bonds).In terms of underwriting green bonds by brokers, CITIC** ranked first, with an underwriting amount of 724100 million yuan, China Securities Construction Investment, Guotai Junan ranked.
The second and third places, the underwriting amount is 6510 billion yuan, 4670 billion yuan.
12. Ranking of industrial bond underwriting.
[GF]25AA[GF]Bank Industrial Bond Underwriting RankingIn terms of bank underwriting of industrial bonds, IB ranked first with 5,302400 million yuan;China Merchants Bank and China CITIC Bank are among them.
The second and third places, with an underwriting amount of 5,066 respectively400 million and 4,379500 million yuan.
[GF]25AA[ GF] Brokerage Industrial Bond Underwriting RankingIn terms of underwriting of industrial bonds by securities firms, CITIC** ranked first, with an underwriting amount of 6,489300 million yuan. China Securities Construction Investment and Guotai Junan are listed.
The second and third places, with an underwriting amount of 5,144 respectively600 million yuan, 4,219300 million yuan.
The wind user enters in the financial terminal
DCM (Bond Primary Market).
Grasp the new dynamics of the bond market in an instant.
The full dimension of the underwriting ranking is available immediately.
Release information at a glance.
Pricing trends are all in the bag.