OPINION: From major changes to QFII and all the way down to a wide range of micro adjustments, 2020 was a period of significant progress for fixed-income markets in China.
The credibility of domestic credit ratings and a lack of hedging tools remain some of the challenges for China to develop a truly international bond market, FinanceAsia's inaugural bond connect survey reveals.
Despite the introduction of Bond Connect last year, Beijing still has hurdles to clear if it is to attract more meaningful foreign participation to its debt market.