Analysts attribute bull run to risky-looking stock market, sustained monetary easing, and declining interest ratesDespite rising debt defaults by Chinese companies, the corporate bond market will continue to surge on sustained monetary easing and declining interest rates, analysts said.

Corporate bond prices hit a six-year high since the stock market crash in June as investors shifted capital to the relatively safer bond markets.

Corporate bond issuance also hit a record high. In the January-August period of this year, Chinese companies issued bonds worth 276.3 billion yuan ($43.6 billion) that are traded on the Shanghai Stock Exchange. Their value rose by 233 percent year-on-year, according to data research company Wind Info.