China opening up bond market, but currency seen as big barrier
Foreigners say getting their cash out of China and recent yuan weakness are obstacles to investment
Hong Kong
CHINA'S policymakers plan to open the doors wider than ever to foreign investment in the country's US$3 trillion bond market, in part to help shore up the struggling yuan. But the currency is also proving to be a major barrier to the success of their plan.
Foreigners own less than 2 per cent of China's US$3.3 trillion in outstanding bonds and say getting their cash out of China and recent weakness of the closely controlled currency are obstacles to investment.
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