On 4 November 2021, the “2021 China Conference” organized by BofA Securities was held virtually. In this 10-day event, Dr. Stan Ho, the Chief Executive Officer of Lianhe Global, participated in the “China onshore/ offshore bond market: the diverging trend from a rating/ default perspective” roundtable discussion with Ivan Chung, Associate Managing Director, Corporate Finance Group, Moody’s investors Service Hong Kong, and moderated by Joyce Liang, Head of Asia Pacific Credit Research and Asia Credit Strategist, BofA Global Research.