A fall in competitiveness vis-a-vis the onshore market, the disappearance of issuers from the property sector, and the emergence of standby letters of credit SBLCs, are three key trends observed by Lianhe Global CEO, Stan Ho, across China’s offshore bond market.
He spoke at a session titled China’s offshore bond market Review of 2022 and outlook for 2023 as part of FinanceAsia’s fourth annual China Fixed Income conference last week.
“When I first joined the rating agency, I was told that the offshore funding cost was very competitive compared to onshore funding. But now, when I talk to potential issuers or...