Tag : interbank bond market

China is set to integrate its interbank bond and exchange bond markets. Five market experts share their thoughts on the move.

In the second of two articles on China's newly opened interbank bond market, AsianInvestor outlines what investors should know about mainland rating agencies.

In the the first of two articles on the newly liberalised Chinese interbank bond market, AsianInvestor finds fund managers keen to tap mainland corporate debt but wary of the risks.

Six Chinese credit rating agencies, including the three biggest, have received warnings from the securities regulator, which plans to tighten rules around the sector.

AllianceBernstein plans to hand back the RQFII quota it uses to buy Chinese fixed income assets, underlining the growing obsolescence of the cross-border scheme.

Two market-opening moves by Beijing last month have further reduced the value of RQFII quotas. This is a particular challenge for the offshore arms of mainland fund houses.

Some key issues need clarifying before foreign money will flow into onshore renminbi bonds, say bankers from Credit Suisse, Goldman Sachs and Natixis.

The PBoC has introduced a registration system for official foreign investors in its interbank bond market and scrapped quotas and approvals. It is seen as an attempt to ease concerns over recent market interventions.

Liberalisation of China's interbank bond market is predicted to continue this year, with touted reforms including looser repatriation rules, faster approvals for new entrants and a more attractive lock-up period.