‘A life of its own’: China returns despite volatility

Chinese New Year 2018
By Addison Gong
11 Oct 2018

With its latest dollar bond, China's Ministry of Finance may have demonstrated the sovereign’s market access and its credit strength even in a hostile trade environment, but a potential repricing of the China state-owned enterprises (SOEs) curve still seems unlikely, writes Addison Gong.

While the bonds were yet to be priced as of Thursday afternoon, bookbuilding for China MoF’s new five, 10 and 30 year bonds started as scheduled on Thursday morning, with initial price guidance at the areas of 50bp, ...

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