New China Life Insurance's Qin Hongbo: The short-term interest rate market will exhibit a volatile pattern

NightAirdropper · 2026-03-31T10:52:10+00:00

Beijing Business Daily (Reporter Li Xiumei) reported that on March 30th, during the 2025 performance release conference of New China Life Insurance, Vice President Qin Hongbo commented on the interest rate trend for 2026. He stated that the short-term interest rate market will show a volatile pattern, with credit spreads narrowing and term spreads widening.Qin Hongbo believes that short-term funding is relatively ample and more certain, but ultra-long-term bonds are experiencing increased volatility, leading to divergence in long- and short-term interest rate trends. In a low-interest-rate environment, achieving reasonable returns on fixed income investments depends critically on understanding interest rate movements and structural opportunities.

NightAirdropper

2026-03-31 10:52:10

Beijing Business Daily (reported by Li Xiumei). On March 30, at New China Life’s 2025 annual performance briefing, regarding the interest-rate trend in 2026, Qin Hongbo, the company’s vice president, said that in the short term, the interest-rate market will show a pattern of volatility, with credit spreads narrowing and term spreads widening.

Qin Hongbo believes that the short-end funding conditions are relatively loose and offer stronger certainty, but fluctuations in ultra-long-term bonds will increase, and the interest-rate trends at the long and short ends will diverge. In a low-interest-rate era, how to achieve a reasonable return from fixed-income investments depends on capturing interest-rate trends and structural opportunities.

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