Beijing regulators exercise credit control

The innate conservatism of China's financial authorities has hampered the development of the country's credit markets, but bankers hope regulatory changes being passed will enable this sleeping giant's vast potential to be tapped. Alan McNee reports

oct06-pg65-gao-gif

With a booming economy, massive demand for assets from domestic investors and a history of financial sophistication, China should represent one of the world's largest credit markets. However, in practice, a cautious regulatory regime and the tricky political issue of massive foreign exchange reserves and an undervalued currency have kept the amount of corporate bonds - as opposed to bank financing and government issuance - at a minimum.

Chinese bankers hope the advent of the country's first asset

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here