China's Bond Market Opening-Gentle Giant or Behemoth?
The opening of China’s onshore bond market marks a historic juncture. Its growth in recent years not only made it the world’s third largest bond market, but one that has also outperformed most other markets in 2018 amid rapidly evolving regulation as it moves closer to securing inclusion into major bond market indices. Given that the market has yet to become a focal point for global investors, Gerwin Bell, PhD. Lead Economist, Asia, Global Macroeconomic Research Team, and Johnny Mak, Portfolio Manager, EMD Team highlight key developments, relevant technical specifics, and the intertwined macroeconomic and regulatory idiosyncrasies that investors need to be cognizant of to fully realize the potential of this new investment opportunity.