The Chinese government is now pushing to develop China's nascent corporate bond market. At present, only 11 corporate bonds are listed on China's two stock exchanges. But steps are being taken to unlock capital to aid SOE reform, raise revenues for the government's stimulus programme and to support its ultimate goal of liberalising interest rates, says Dr Stephen Green, Associate Fellow of the Asia Programme at the Royal Institute of International Affairs. Even domestic currency convertible bonds are on the agenda...
FA Given the tendency by the state sector in China to guzzle capital, why has the bond market's development been so slow
Green The government has issued large amounts of treasury bonds. However, it...
