A Study of China’s Credit Rating and Financial Bond Cost

Xinping Guo ()
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Xinping Guo: Monash University

A chapter in Proceedings of the 2023 2nd International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2023), 2024, pp 446-452 from Springer

Abstract: Abstract The article incorporates the nature of ownership variables into the framework of the relationship between credit ratings and bond financing costs, based on the theory of information asymmetry. It begins with a definition of credit ratings and an overview of the Chinese bond and corporate bond markets. The article further introduces the economic theory of information asymmetry and emphasizes the impact of credit ratings on bond financing costs through the assumptions outlined in the discussed research. Subsequently, it highlights the research findings, provides policy recommendations, discusses the limitations of the study, and offers suggestions for future research.

Keywords: China bond market; corporate bonds; credit risk; information asymmetry (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-268-2_49

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DOI: 10.2991/978-94-6463-268-2_49

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