Beijing
CHINA is about to broaden foreign access to its US$10 trillion debt market - but international investors are likely to be wary.
The bond connect with Hong Kong is in the final stages of preparation, Charles Li, chief of the city's bourse operator, said on Monday. Overseas money managers own less than 2 per cent of Chinese debt, leaving plenty of scope for increased inflows.
Still, the new channel for foreigners to access the world's third-biggest bond market is getting a mixed reception. E Fund Management (HK) Co and Shenwan Hongyuan Asset Management see persistent obstacles to international participation.
They include capital controls, lack of faith in mainland credit ratings, and concerns...
Keyword added to your list