China’s Bond Market Opens For Business
Also Interesting
Key Insights
- The inclusion of Chinese local currency bonds in the Bloomberg Barclays Global Aggregate Bond Index will include representation in the global fixed income market.
- Foreign ownership of Chinese bonds is likely to increase, which will support the renminbi but will also subject China’s bond market to greater external discipline.
- We believe that Chinese bonds are currently undervalued as collateral in the Chinese capital market system and therefore represent a good buying opportunity.