China Bond Market Overview
Quantitative Portfolio Strategies, June 2010
39 Pages Posted: 11 Jul 2010
Date Written: June 15, 2010
This paper reviews the history of the China Bond market, takes a look at its current market structure, and examines its market performance and market prospects. Domestic commercial banks are dominant investors in the interbank market, but foreign investors have limited access to the market at present. The central bank plays a significant role in the market by applying a series of monetary policy instruments such as open market operations and window guidance. We expect that the China bond market will experience rapid growth and that foreign investors will gradually be granted direct access to China bond market. The paper also examines the major bond instruments and issuers in China.
Keywords: China Bond Market, Fixed Income Assets
JEL Classification: D40, E44, F3
Suggested Citation: Suggested Citation