China equities boom hits bond prices onshore

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China equities boom hits bond prices onshore

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HANGZHOU, CHINA - JULY 6, 2020 - The closing level of the Shanghai Composite index displayed on investors' mobile phones. Hangzhou, Zhejiang Province, China, July 6, 2020. (Photo by Long Wei / Costfoto/Sipa USA) | Costfoto/SIPA USA/PA Images

A big rally in China’s stock market this week ended up hitting bond prices onshore — and sparked worries about the sustainability of the equities rebound.

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