The world is watching China closely. After an uneven recovery and mixed economic data, investor sentiment and the general macro outlook have cooled. Yet regardless of the likely policy response, the country’s fixed income universe is too big to ignore - and cannot be under-estimated.
Worth roughly US$20 trillion across investment-grade government and local authorities, and also high-yield corporates, China’s bond market demands careful credit analysis and selection. Further, with onshore sustainable debt issuance improving in quality and growing in volume, there is ever-wider choice.
At the same time, addressing short and longer term structural hurdles is essential to ensure future prosperity and resilience in China bonds. For those investors and issuers reeling from recent property market woes, regulatory issues and macro challenges, there is a need for greater liquidity, more hedging options and reforms that offer measures to mitigate the rising risks in property and local government funding vehicles (LGFVs).
How can this be achieved? What do investors and issuers want? Which segments of the market will flourish? And where will the biggest opportunities emerge?
With all these dynamics and questions in mind, FinanceAsia is delighted to host our 5th annual China Fixed Income Summit on 5 December, taking place at The Ritz Carlton, Hong Kong. The event will bring together many leading issuers, investors and other key market players – who will discuss and debate the many faces of fixed income in China, reviewing market trends, considering suitable strategies and creating a roadmap for tomorrow.
