Mohan Li Email & Phone Number

中国 北京市

▪️Credit Bond Research: Classified 52 active bond-issuing entities within the financial leasing industry into three categories: third-party, platform, and manufacturer series. Calculated the scale-weighted yield of bonds across various maturities for each category to identify suitable individual bonds. Prepared three comprehensive reports totaling over 20,000 words, which received commendation from the department director. Additionally, conducted an extensive analysis of the performance of 77 securities firms in 2023, focusing deeply on brokerage, investment banking, asset management, and proprietary trading, culminating in a 36-page report.▪️Macro Tracking: Responsible for crafting weekly market reports with a primary focus on macroeconomic and bond market analysis. Monitored high-frequency data weekly and provided insights on inflation, production, consumption, investment, and monthly import-export figures. Analyzed the weekly trends of interest rate bonds, offered forecasts on long and short-term interest rate movements, evaluated the issuance and secondary market performance of credit bonds, and tracked regional variations in the interest rate spreads of urban investment bonds.▪️信用债投研：对融资租赁行业共计52家活跃发债主体在按照特性划分为第三方系、平台系和厂商系三类后，划分资质梯队后分别计算不同期限债券的规模加权收益率，选取出性价比高的个券。期间产出三篇深度报告，累计两万余字，于投决会汇报时获部门总监肯定。另就77家券商2023年的业绩做出详尽回顾，深度剖析经纪、投行、资管和自营四大主业情况，形成一篇36页报告。▪️宏观跟踪：进行市场周报的撰写，主要负责宏观分析和债券市场分析。宏观分析方面，周度跟踪高频数据，月度点评通胀、生产、消费、投资和进出口等数据。债券市场方面，进行利率债周内走势复盘，对长、短端利率走势做出展望；回顾信用债一级市场发行及二级市场走势，跟踪不同地区城投债利差表现。▪️REITs投研：使用可比项目法研究广开控股发行的一产业园REITs。从现金流稳定性、资产增值空间、估值合理性和原始权益人四个维度考察该项目，使用13页幻灯片在投决会中阐明观点。

中国 北京市

▪️Assisted in Bidding: Conducted a detailed study of the essential requirements outlined in the bidding documents, focusing on bond types, amounts, and fundraising objectives. ▪️Draft Writing: Effectively utilized the Enterprise Early Warning System to gather regional economic and fiscal data. Compared key financial indicators from recent years' financial statements to identify trends and factors driving changes. Provided insights and responded to inquiries from the Quality Control Department, contributing to the formulation of prospectuses based on draft documents▪️辅助承揽投标：研究招标文件包括债券种类、金额和募集用途在内的关键要求。主要负责协助研究“预期发行利率水平”部分，熟练运用万得（Wind）分析同一发行人存量债券和相似案例分析。使用万得进行公司客户集中度的核查，避免违规无法立项。▪️底稿撰写：熟练运用企业预警通进行区域经济财政数据找寻。研究公司所处行业发展趋势和竞争状况，分析主营业务并拆解业务板块。比较近年财务报表关键财务指标的变动，对变动原因进行挖掘。向质量控制部的若干问核提供反馈，集合底稿形成募集说明书。

中国 北京市

▪️Monitoring Subsidiaries: Collaborated with teams from the group's subsidiaries spanning 7 countries and regions. Leveraged advanced Excel functions including VLOOKUP to create data visualization dashboards. Compiled over 30 weekly capital reports, detailing specific reasons for changes in cash flow data. Actively participated in all-English business analysis meetings and meticulously prepared approximately ten sets of meeting minutes.▪️Fixed Income Research: Conducted in-depth studies on overseas corporate bond prospectuses. Analyzed issuance terms including interest payments, redemption methods, issue prices, and special terms. Calculated yields to maturity for 25 corporate bonds and actively participated in 5 interest rate negotiation meetings. Provided asset allocation recommendations based on research outcomes.▪️监测子公司经营状况：与集团下辖遍布7个国家地区的资金团队沟通，使用EXCEL包括VLOOKUP在内的多个函数、制作仪表盘进行数据可视化，编制资金周报30余篇，汇报现金流数据变动的具体原因。参与全英文经营分析会，撰写会议纪要近十篇。▪️资产优化路径：全程参与两项集团海外资产包的优化流程。对接三家国际知名投行，分别撰写三篇投资顾问聘用报分析告，共计五千余字。分析疫情对包括公寓、写字楼和酒店在内的资产造成的影响，最终形成万字报告，参与向集团十余名股东的专题汇报。▪️固定收益研究：研究海外公司债券的募集说明书，分析包括付息及兑付方式、发行价格和特殊条款等在内的发行条款，计算债券到期收益率。期间参与共计25只公司债的研究和5次利率谈判会议，根据研究结果为固定资产的配置提供建议。

中国 北京市

▪️Special Refinancing Bonds: Evaluated the significance of special refinancing bonds within a framework of debt resolution policies. Conducted qualitative analysis on their impact on the secondary bond market, examining supply and demand dynamics. Quantitatively assessed future market supply indicators and anticipated liquidity impacts.▪️Debt Resolution and Fiscal Transformation: Analyzed local government balance sheets to clarify the accumulation of assets and liabilities. Assessed the adequacy of existing local government assets and revenue streams to service debt obligations. Explored the potential for transitioning from land finance to equity finance.▪️Financing Platform Exit: Examined the multifaceted nature of financing platform exits, analyzing relevant policy statements amidst the current trend of urban investment platform exits. Quantified the immediate impact of these exits, noting that interest-bearing debt levels continue to rise with minimal changes in spreads. Analyzed underlying reasons influencing urban investment sentiment based on these observations.▪️特殊再融资债：复盘特殊再融资债在一揽子化债政策中的地位和作用。定性方面，从供给和需求角度分析特殊再融资债落地对债券二级市场造成的影响；定量方面，计算了未来预计形成的市场化供给、流动性冲击的指标。▪️债务化解和财政转型：从地方政府资产负债表的角度，梳理地方政府的资产和负债积累情况，评估地方政府存量资产和流量收入对债务的覆盖程度，以及分析土地财政转向股权财政的可能性。▪️融资平台退出：刻画退出融资平台的多维特征，分析与本轮城投平台退出潮相关的政策表述。量化本轮融资平台退出的短期影响，发现有息债务规模仍在上升且利差并无明显变化，并据此分析“城投信仰”的深层原因。

Education record

Bachelor'S Degree, Finance, Top 10%