The Chinese Bond Market: Historical Lessons, Present Challenges and Future Perspectives
35 Pages Posted: 11 Jun 2007
Date Written: April 2007
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
JEL Classification: G00, G21, G28, N2, N25, F3
Suggested Citation: Suggested Citation
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