Regulation & Policy - All Articles

  • Panda-monium: volatile issuance divides opinion

    Panda bonds are finally coming back to life after a dire first half. But although all the conditions are in place for an issuance boom, there is reason to doubt quite how high volumes will go.

    • 20 Jul 2017
  • PBoC band widening proposal muddies the waters, say analysts

    The People's Bank of China signalled it was not done tinkering with its FX policy framework on July 12, when it made a proposal to expand the RMB daily trading band. Analysts agree the move is a step forward, but add that it contradicts the PBoC's recent push for increased control of the currency.

    • 14 Jul 2017
  • Pimco applauds Bond Connect, but cautious on renminbi

    Asset manager Pimco said the launch of Bond Connect addressed important concerns by foreign investors, but added that the outlook for the RMB remained somewhat bearish.

    • 10 Jul 2017
  • It’s here! Bond Connect opens up China debt

    Chinese regulators opened the door to foreign bond investors this week, launching a Bond Connect scheme that offers unfettered access to onshore renminbi bonds. The scheme promises to be a game-changer for global investors — as long as China does not rest on its laurels. Paolo Danese and Morgan Davis report.

    • 06 Jul 2017
  • China opens ratings market after Bond Connect launch

    Foreign credit rating agencies are finally welcome to operate in China without a local partner, the People's Bank of China confirmed this week. But although the change is likely to improve the transparency of the country's corporate bond market, experts have warned that it could pose risks to the wider economy.

    • 05 Jul 2017