The Development of China’s Bond Market

Hung-Gay Fung, Qingfeng “Wilson” Liu and Fan Zhang

Chinese Economy, 2019, vol. 52, issue 1, 107-123

Abstract: This article analyzes China’s bond market, which covers the interbank market, exchange market, and bank counter market. We compare various types of bonds and discuss their latest trends, which to a large extent are driven by government policies, resulting in rapid growth in central government and local government bond issues. The recent launch of the “Bond Connect” trading platform for bond transactions between mainland China and Hong Kong and the emergence of many new bond types suggest that China’s bond market may provide more investment and growth opportunities for global investors.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:mes:chinec:v:52:y:2019:i:1:p:107-123

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DOI: 10.1080/10971475.2018.1523982

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