Multibrand records via API, Streaming or FTP.
Chinese Bond Data
We provide direct access to China’s onshore bond market through TPSITICO pricing and Sumscope reference data, delivering both market insight and bond details for analysis and risk management.
Chinese Bond Data Sourced from:
The Parameta Solutions difference
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Broker-sourced indicative pricing
Direct interbank pricing from TPSITICO, reflecting real onshore market activity and liquidity.
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Comprehensive bond reference data
Detailed bond-level data from Sumscope, covering identifiers, terms, structures, and issuer attributes.
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Integrated data foundation
Pricing and reference data combined to provide a more complete and usable market view.
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Cross-asset market coverage
Coverage across China’s fixed income, money markets, FX, and derivatives markets.
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Valuation and risk support
Supports pricing, valuation, and risk analysis with consistent market data and bond attributes.
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Supports pricing, valuation, and risk analysis with consistent market data and bond attributes.
Delivered through approved, stable frameworks for consistent access to onshore market data.
Accessing China’s Onshore Bond Market
Market participants rely on accurate, transparent data to understand and navigate China’s onshore bond market. Regulatory changes in March 2023 reshaped how this data is distributed, introducing a new framework for approved, direct delivery of interbank pricing and reinforcing the need for consistent, compliant access to market data.
Parameta Solutions provides access to TPSITICO’s broker-sourced indicative pricing, reflecting real interbank activity across China’s fixed income markets. This delivers a clear view into pricing dynamics and liquidity, supporting trading, valuation, and risk management workflows.
To complement this, Sumscope FRD provides the bond reference data needed to interpret those prices. By combining pricing insight with detailed bond-level attributes, the offering enables a more complete understanding of the market, supporting both analytical and operational use cases across the investment lifecycle.
Three ways to connect to our TPSITICO data
Direct
Cloud delivery
Access via our cloud partners including Snowflake and AWS.
Channel partners
Connect via our extensive network of partners.
The numbers speak for themselves
20
+
years of interbank market pricing expertise
75
+
bond-level reference data fields
500
+
institutions connected across interbank markets
Get your data sample
Complete the form and tell us which asset class/instrument you would like to see.
Chinese bond data FAQs
Can you explain the onshore Chinese bond market and the March 2023 changes that reshaped data distribution?
On March 14th, 2023, Chinese regulators instructed inter-dealer/money brokers to suspend their data feed business because of data security concerns. As a result, many of these direct data feeds, especially those involving indicative pricing, just like ours at Parameta Solutions, were paused while these firms worked through an updated approval process and new delivery frameworks.
How did these regulatory changes enable Parameta Solutions to distribute onshore market data directly?
TPSITICO became an approved vendor of the data and meant that we could take the feed directly from them.
Who is TPSITICO and what role do they play in China’s financial markets?
TPSITICO is China’s first domestic money broker, founded over 20 years ago on December 20, 2005. This joint venture happened between Tullett Prebon, which is now the TP ICAP Group, and the Shanghai International Trust. Between these two strongholds, they provide deep liquidity, market expertise, and broad coverage across multiple asset classes in the onshore market. This includes brokerages in FX, money markets, bonds, and derivatives.
Who typically uses TPSITICO data and what do they use it for?
Just like any inter-dealer brokerage data, TPSITICO data is used across the full spectrum of financial institutions. They are used by banks, security firms, asset managers, derivatives desks, risk teams, and even downstream data vendors to obtain real interbank, over-the-counter pricing for trading, valuation, risk management, and compliance across China’s fixed income, money market, FX, and derivatives markets.
Beyond TPSITICO, Parameta also works with Sumscope. What is Sumscope FRD, and how does it complement TPSITICO’s market data?
Sumscope FRD refers to China bond fundamental reference data. It is a dataset that provides reference and fundamental information needed to fully understand the structure and characteristics of onshore Chinese bonds. While TPSITICO delivers the indicative market data, which reflects transparent market pricing and trading insight sourced directly from the Chinese inter-dealer brokerage, Sumscope offers the reference data layer that sits underneath these prices.
TPSITICO data tells you what the market is doing today, while Sumscope FRD tells you what each bond is, so you can understand and use those prices effectively.
Why is reference data critical for understanding onshore Chinese bonds?
Fundamental reference data turns raw market prices into actionable insight. Without it, investors cannot confidently analyze, compare, or value onshore Chinese bonds, as they are limited to pricing alone. It forms a critical foundation for informed investment decisions.
What are some examples of the types of fields included in the reference dataset?
It is a comprehensive dataset with 76 fields. Typically, what is critical are reference identifiers such as ISIN, company name, sector classifications, local ratings, and bond characteristics. These include whether it is fixed rate, a floater, or if there are any optionalities in the instrument.
How do you see access to onshore Chinese market data developing in the future, and what might that mean for global investors?
Looking ahead, access to onshore Chinese market data is expected to become more stable and more transparent. With the new regulatory framework in place
and a fully approved direct delivery model, clients can rely on consistent access
to TPSITICO’s indicative data, something that was not always guaranteed
in the past.
For global investors, this means clearer insight into real onshore market activity, with better pricing transparency and the ability to reconnect to datasets that were paused in 2023 during the regulatory transition. When you pair this market data with the Sumscope reference data layer, investors gain a more complete view of the China bond market. This strengthens analysis, valuation, and risk management.
Overall, accessibility is expected to continue improving. As China’s markets open further and become more accessible to offshore investors, this will support deeper global participation in China’s financial markets.