Recent SOE bond defaults signal Beijing’s willingness to let markets price risk more accurately.
Escalating trade tensions between the US and China could affect Chinese corporate bonds, but not all credits are vulnerable.
As China’s leaders scramble to contain the COVID-19 epidemic, the global community braces for impact to China’s people, equity and bond markets, and economy.
It’s been 20 years since a Chinese bank failed. But recent bailouts of three regional lenders have raised concerns about systemic problems in China’s financial sector. While risks have grown for China’s smaller banks, we believe that the Chinese banking system remains robust.