While foreign participation is still limited, we believe the current juncture of China’s domestic bond market presents a novel opportunity for long-term, global investors.
The opening of China’s onshore bond market is unique in modern history. After rapid growth, China is not only the third largest bond market in the world, but it is also adopting regulations at a fast clip to secure inclusion into major bond indices. Meanwhile, greater discord on trade with the U.S., combined with China’s high reliance on debt-fueled growth, opens macroeconomic vulnerabilities and risks.
Read the complete white paper at the link beneath Related Files
