Bei Fu, director of credit strategy at Standard & Poor's in Hong Kong believes that even if China's onshore bond market opens to property companies, many may still prefer to issue US dollar bonds offshore.
Speaking on Asiamoney Video, Fu says that developers may be allowed to issue renminbi-denomianted onshore bonds in the medium term but that there are a variety of funding channels available, particualrly to the stronger names and that pricing offshore will remain competitive despite recent spread widening in the international market.
To view the interview, visit our Videos sector.