Fact or fiction: Implicit government guarantees in China’s corporate bond market

Citations

Cited by:

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4. Kalimipalli, Madhu & Morohunfolu, Olaleye & Ramachandran, Shankar, 2024. "Do repeated government infusions help financial stability? Evidence from an emerging market," Journal of Financial Stability, Elsevier, vol. 75(C).
5. Geng, Xin & Qian, Meijun, 2024. "Understanding the local government debt in China," Pacific-Basin Finance Journal, Elsevier, vol. 86(C).
6. Bi, Sifeng & Wei, Na & Du, Anna Min & Zhou, Tiran, 2025. "Mitigating financing constraints under economic uncertainty: The role of implicit government guarantees in China," Research in International Business and Finance, Elsevier, vol. 76(C).
7. Ruan, Qingsong & Lv, Dayong & Wei, Xiaokun, 2024. "High-speed rail and local government financing cost: Evidence from China," Economic Modelling, Elsevier, vol. 131(C).
8. Wang, Lei & Sha, Yifan & Ding, Lili & Zhao, Zhongchao, 2024. "Risk mitigation strategies in urban investment bonds: Insights from local government implicit debt governance," Structural Change and Economic Dynamics, Elsevier, vol. 70(C), pages 607-618.
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11. Zhang, Ke, 2023. "Government's implicit guarantee and the credit spread of the quasi-municipal bonds," Finance Research Letters, Elsevier, vol. 55(PA).
12. Dai, Wei & Ni, Zhongxin & Yu, Enping, 2024. "Quenching thirst, easing debt: Improvement in water resource endowment alleviates local government debt risk," China Economic Review, Elsevier, vol. 88(C).
13. Shan, Junhui & Liu, Guanhua & Zhang, Lin, 2024. "Does the impact of credit rating downgrade on bond returns vary by region: Empirical evidence from China," Finance Research Letters, Elsevier, vol. 70(C).
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15. Tang, Lin & Zhuo, Zhi & Zou, Hong, 2025. "When expectations of implicit government guarantees diminished, do retail stock investors run away?," Journal of Banking & Finance, Elsevier, vol. 175(C).
16. Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023. "Adaptable state-controlled market actors: Underwriters and investors in the market of local government bonds in China," Environment and Planning A, , vol. 55(8), pages 2088-2107, November.
17. Zou, Yang & Wang, Xiaoming, 2022. "Distance, information and bank lending in China," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
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19. Zhang, Yongji & Cao, Liyuan & Lan, Minghui & Su, Zhi & Wang, Ke, 2024. "Air pollution and issuance credit spread of municipal investment bond," Energy Economics, Elsevier, vol. 139(C).
20. Cao, Xiao & Gu, Runsheng & Ji, Xiaoqing & Li, Yuhang & Zhang, Ruifeng, 2025. "The dual effect of upper-level government implicit guarantees on subordinate municipal corporate bond credit risk: An empirical analysis," Pacific-Basin Finance Journal, Elsevier, vol. 91(C).
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25. Ren, Zhaoyue & Xiong, Yang & Huang, Yongjian, 2024. "Local officials’ sentiment and government financing cost: Evidence from Chengtou bonds in China," Finance Research Letters, Elsevier, vol. 63(C).
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