The Chinese Bond Market: Historical Lessons, Present Challenges and Future Perspectives

Haizhou Huang and Ning Zhu

Yale School of Management Working Papers from Yale School of Management

Abstract: This study reviews historical lessons, depicts present challenges, and discusses future perspectives of Chinese bond market. Historical lessons on sovereign right concession and market tumult lead to a quite cautious approach towards the bond market. The legal background, and political considerations also played an important role in shaping bond market during the past two decades. Given the increasing demand for financing in China these days, the bond market is expected to enjoy some rapid growth in the coming decade and we discuss some areas with particular potentials and the challenges facing the development.

Keywords: China financial market; bond market; monetary policy; financial history (search for similar items in EconPapers)
JEL-codes: F3 G00 G21 G28 N2 N25 (search for similar items in EconPapers)
Date: 2007-06-11, Revised 2009-09-21
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Persistent link: https://EconPapers.repec.org/RePEc:ysm:wpaper:amz2582

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