China's New Bond Hedging Tool Raises Concerns

The video tutorial discusses credit risk mitigation warrants, similar to credit default swaps, introduced in China in 2010. Recently revived by PUBG, these tools are sold by state-backed banks and insurance companies. However, concerns about fair pricing and liquidity persist due to China's short history of bank defaults and lack of data. The main sellers, including ICBC, face financial risks as fees do not cover potential liabilities.

How did PUBG contribute to the revival of credit risk mitigation warrants?

What has been the trend in fees charged for selling credit risk mitigation warrants since September?