Lack of sellers could hold back Chinese CDS market

Demand for credit protection increases, but traders say sellers will be hard to find

People's Bank of China said to be discussing new credit instruments

Attempts to launch a credit default swap (CDS) market in China could be dashed by a lack of protection sellers, market participants fear.

A Chinese version of CDS, called credit risk mitigation (CRM), has been around since 2010 but can only be used to hedge a specific bond, rather than the issuer. With credit defaults rising and certain foreign investors now able to access the onshore interbank bond market, regulators are said to be in talks with a group of Chinese banks to develop a CDS market

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a 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