Building credit: China's CDS market faces headwinds

Regulatory fragmentation threatens take-up of planned new credit instruments

beijing-construction
Work in progress: some Chinese banks and regulators are trying to develop a framework for a new CDS

In the first six months of this year, China saw a record number of credit downgrades and bond defaults as supply-side reforms curtailed the public support that kept failing companies alive for so long. But you wouldn't guess it by looking at the country's stagnant credit-protection market.

A group of Chinese banks and regulators are trying to develop a framework for a credit default swap (CDS) instrument that is more in line with international markets than its current domestic credit derivatives

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

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