On 26 March 2026, CSPI Ratings was invited to speak at the “DMI CreditTech 2026 Annual Conference”. The Conference, held at the Hong Kong Stock Exchange under the theme “Riding the Waves Offshore: New Directions for Chinese Fixed Income”, focused on topics including China macro trends and policy perspectives, outbound strategies for Chinese institutions, and RMB asset innovation.

Nearly 300 regulators, exchange representatives and financial-sector leaders attended the Conference. Dr. Larissa Wu, Head of Ratings at CSPI Ratings, spoke on the roundtable “APAC Fixed Income under International Change: Hong Kong Opportunities and Chinese Institutions Going Offshore.”

Larissa observed that the current wave of Chinese outbound expansion is driven by multiple factors: cyclical overcapacity in certain sectors (e.g., new energy, photovoltaics, lithium batteries), intensifying trade frictions and de‑globalization trends, and heightened risk of financial decoupling. In response, corporates are accelerating internationalisation through overseas factories, supply‑chain reconfiguration and diversified financing channels.

She noted that Chinese firms still face legal and compliance hurdles, cross‑cultural management issues, foreign capital‑market access constraints and geopolitical risk when going abroad. But on the other hand, opportunities are emerging: demand in Southeast Asia and Belt-and-Road markets is growing; local state‑owned enterprises now show greater outbound resolution and a more pragmatic, localized approach; Hong Kong remains the preferred gateway, with irreplaceable strengths in financial infrastructure and professional services; and Chinese financial institutions are rapidly expanding overseas to support outbound financing.

“In supporting Chinese firms’ offshore expansion, CSPI Ratings will leverage its expertise to deliver high‑quality credit analysis and technical support for corporate financing, bond issuance and sovereign‑risk assessment,” Larissa said.

Panelists broadly agreed that rising geopolitical risk, volatile inflation expectations and divergent interest‑rate paths are continuing to reshape pricing across international capital markets. Against this backdrop, fixed‑income assets are increasingly valued for their role in volatile markets.

Given external uncertainty, Hong Kong’s positioning as a conduit between the Mainland and global markets, its mature offshore RMB ecosystem, and its growing capabilities in green finance, digital bonds and specialised services will provide important supports for Chinese institutions seeking offshore financing, asset allocation optimisation and internationalisation.

Moreover, as Chinese corporates accelerate outward expansion, the offshore RMB bond market is enlarging. And technologies such as AI and blockchain are being adopted across issuance, trading, risk control and research workflows. These trends are creating structural growth opportunities for the APAC fixed‑income market, with further upside expected from product innovation, credit services and cross‑border collaboration.

The Conference’s second half featured the "2025 DMI China Offshore Bond Instituions of the Year" ceremony. In February 2026, CSPI Ratings won the "2025 Internationalization Award for Chinese Rating Agency". This marks our 2nd consecutive year receiving this honor. Mr. Terry Zhang, Head of Global Strategy and Business Management at CSPI Ratings, accepted the award on the company’s behalf.

Following the awards ceremony, attendees continued discussions at a networking reception on the development of Chinese fixed income, cross‑border cooperation and market innovation.

About DMI

DMI (Dealing Matrix International) is a comprehensive credit analysis platform focused on the Asian bond market. It offers real-time data on primary new issuance and pricing, secondary market information, news and intelligence, intelligent data integration, and various professional credit analysis tools.

DMI was officially launched in 2020. Developed by CSCI Technology Co., Ltd., DMI leverages a professional R&D team, verifiable algorithm models, and cutting-edge technologies such as big data analysis, machine learning, and deep learning. With the support of experienced credit analysts, news and intelligence teams, the platform continuously enriches its functionalities and enhances product depth.

Currently, DMI offers full-service coverage for all major underwriting institutions in Asia, as well as key buy-side institutions, financial infrastructure institutions, and service providers across the region.

About CSPI Ratings

CSPI Ratings (Full name: CSPI Credit Rating Company Limited) is a leading global credit rating agency headquartered in Hong Kong. Licensed by the Hong Kong Securities and Futures Commission (SFC) since 2012, we provide world-class credit insights, combining global benchmarks with an emerging market perspective.

In 2025, CSPI Ratings was recognized by the Mandatory Provident Fund Schemes Authority (MPFA) as an "Approved Credit Rating Agency," joining Hong Kong’s MPF regulatory framework. As of the end of 2025, MPF total assets reached over HKD 1.5 trillion.

CSPI Ratings’ analytical excellence is widely recognized, having been honored with DMI's "Internationalization Award for a Chinese Rating Agency" for two consecutive years (2025-26). Additionally, we were recognized as "Public Finance Rating Agency of the Year – China" by The Asset from 2022 to 2025, achieving this accolade for four consecutive years. Furthermore, we received the "2025 Internationalization Award for Chinese Credit Rating Agencies" from the China (Macao) Financial Assets Exchange (MOX).

As a member of China Securities Credit Investment Group, CSPI Ratings leverages a strong network of 34 leading Chinese financial institutions. As the international brand of CSCI Pengyuan, we bridge global investors with trusted credit insights.

Rating Services Contact
Email: globalservice@cspi-ratings.com

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