The Future of China's Bond Market

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Author :
Publisher : International Monetary Fund
ISBN 13 : 148437214X
Total Pages : 440 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis The Future of China's Bond Market by : Mr.Alfred Schipke

Download or read book The Future of China's Bond Market written by Mr.Alfred Schipke and published by International Monetary Fund. This book was released on 2019-03-13 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

The Future of China's Bond Market: Excerpt

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1513584928
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of China's Bond Market: Excerpt by : Alfred Schipke

Download or read book The Future of China's Bond Market: Excerpt written by Alfred Schipke and published by International Monetary Fund. This book was released on 2021-07-14 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country's bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China's bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China's bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China's offshore market, which has played a major role in onshore market development.

China's Bond Market and Global Financial Markets

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484377478
Total Pages : 17 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China's Bond Market and Global Financial Markets by : Mr.Eugenio M Cerutti

Download or read book China's Bond Market and Global Financial Markets written by Mr.Eugenio M Cerutti and published by International Monetary Fund. This book was released on 2018-12-07 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: A cross-country comparative analysis shows that there is substantial room for further integration of China into global financial markets, especially in the case of the international bond market. A further successful liberalization of the Chinese bond market would encompass not only loosening bond market regulations, but also further developing of other markets, notably the foreign exchange market. Even though the increased integration of China into international capital markets would increase its exposure to the global financial cycle, the costs in terms of monetary autonomy would not be large given China’s size and especially under a well-articulated macroeconomic framework.

Chinese Debt Capital Markets: An Emerging Global Market With Chinese Characteristics

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Author :
Publisher : World Scientific
ISBN 13 : 9811280371
Total Pages : 778 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Chinese Debt Capital Markets: An Emerging Global Market With Chinese Characteristics by : Xuebin Chen

Download or read book Chinese Debt Capital Markets: An Emerging Global Market With Chinese Characteristics written by Xuebin Chen and published by World Scientific. This book was released on 2024-01-23 with total page 778 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the deepening of China's reform and opening up, and the sustained development of the Chinese economy, the Chinese bond market has become an important player in the global bond market. As at the end of 2022, the custodial balance of the Chinese bond market reached RMB14.48 trillion, ranking second in the world and the largest bond market in Asia. As a maturing emerging market in the world, the Chinese bond market not only follows the general rules of global bond markets, but also has some of its own characteristics. To make effective investments and financing in this market, a comprehensive and profound understanding of the market is required.This book is the result of a joint research project 'Function, Structure, and Development of China's Debt Capital Market,' supported by the China National Natural Science Foundation and the Economic and Social Research Council of the United Kingdom. It includes contributions by professors, associate professors, and postgraduates from Fudan University and the London School of Economics. From the perspectives of institutional framework, market functions, market structure, and market development, the book provides a systematic and in-depth analysis and exploration of the macro-effects, microstructure, local government bond market, corporate bond market, debt derivatives market, and market supervision and regulation of the Chinese credit bond market. It is an important reference for international investors and researchers to gain a deep understanding of the evolution of the fundamental institutional framework, structure, and functions of the Chinese credit bond market.

The Handbook of China's Financial System

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691205841
Total Pages : 504 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Handbook of China's Financial System by : Marlene Amstad

Download or read book The Handbook of China's Financial System written by Marlene Amstad and published by Princeton University Press. This book was released on 2020-11-17 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive, in-depth, and authoritative guide to China's financial system The Chinese economy is one of the most important in the world, and its success is driven in large part by its financial system. Though closely scrutinized, this system is poorly understood and vastly different than those in the West. The Handbook of China’s Financial System will serve as a standard reference guide and invaluable resource to the workings of this critical institution. The handbook looks in depth at the central aspects of the system, including banking, bonds, the stock market, asset management, the pension system, and financial technology. Each chapter is written by leading experts in the field, and the contributors represent a unique mix of scholars and policymakers, many with firsthand knowledge of setting and carrying out Chinese financial policy. The first authoritative volume on China’s financial system, this handbook sheds new light on how it developed, how it works, and the prospects and direction of significant reforms to come. Contributors include Franklin Allen, Marlene Amstad, Kaiji Chen, Tuo Deng, Hanming Fang, Jin Feng, Tingting Ge, Kai Guo, Zhiguo He, Yiping Huang, Zhaojun Huang, Ningxin Jiang, Wenxi Jiang, Chang Liu, Jun Ma, Yanliang Mao, Fan Qi, Jun Qian, Chenyu Shan, Guofeng Sun, Xuan Tian, Chu Wang, Cong Wang, Tao Wang, Wei Xiong, Yi Xiong, Tao Zha, Bohui Zhang, Tianyu Zhang, Zhiwei Zhang, Ye Zhao, and Julie Lei Zhu.

The Bond Market in Hong Kong, China

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292623788
Total Pages : 45 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis The Bond Market in Hong Kong, China by : Asian Development Bank

Download or read book The Bond Market in Hong Kong, China written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-09-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides updates on the bond market in Hong Kong, China since the publication of the ASEAN+3 Bond Market Guide 2016: Hong Kong, China. It also highlights those changes and developments that have a connection to the bond market of the People’s Republic of China. The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and to encourage greater participation in the region’s rapidly developing bond markets.

Debt Capital Markets in China

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118161076
Total Pages : 542 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Debt Capital Markets in China by : Jian Gao

Download or read book Debt Capital Markets in China written by Jian Gao and published by John Wiley & Sons. This book was released on 2011-08-31 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at China’s burgeoning capital markets Author Jian Gao is the number one authority on fixed income markets in China, and with this book, he brings his considerable experience and knowledge about these markets to investors worldwide. For those interested in becoming active in China’s growing fixed income markets, Debt Capital Markets in China is the book you need to get started. It includes coverage of the primary and secondary markets, government debt instruments, corporate bonds, the collateralized bond market, and asset-backed securitizations. Debt Capital Markets in China also examines the developing market trends, which affect investors and institutions looking to make the most of this incredible financial opportunity. Dr. Jian Gao, PhD (Beijing, China) is the Vice Governor of China Development Bank (CDB).

Chinese Bond Market and Interbank Market

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Author :
Publisher :
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis Chinese Bond Market and Interbank Market by : Marlene Amstad

Download or read book Chinese Bond Market and Interbank Market written by Marlene Amstad and published by . This book was released on 2019 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as an integral step of financial reform. This paper aims to provide the most up-to-date overview of Chinese bond markets, by highlighting two distinct and largely segmented markets: Over-the-Counter based interbank market, and centralized exchange market. We explain various bond instruments traded in these two markets, highlighting their inherent connection with the banking system, and many multi-layer regulatory bodies who are interacting with each other in an intricate way. We also covers the credit ratings and rating agencies in Chinese market, and offer an account of ever-rising default incidents in China starting 2014. Finally, we discuss the recent regulatory tightening of shadow banking since late 2017 and its impact on bond investors, and the forces behind the internalization of Chinese bond markets in the near future.

The Inter-Bank Bond Market in the People’s Republic of China

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292623427
Total Pages : 347 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis The Inter-Bank Bond Market in the People’s Republic of China by : Asian Development Bank

Download or read book The Inter-Bank Bond Market in the People’s Republic of China written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-08-01 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ASEAN+3 Bond Market Guide series provides country-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and encourage greater participation in the region’s rapidly developing bond markets. This edition focuses on the Inter-Bank Bond Market in the People’s Republic of China, which is one of the country’s most important bond markets and one of only two that are accessible to foreign investment.

China's Financial Markets

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Author :
Publisher : Elsevier
ISBN 13 : 0080467679
Total Pages : 416 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis China's Financial Markets by : Salih N. Neftci

Download or read book China's Financial Markets written by Salih N. Neftci and published by Elsevier. This book was released on 2006-11-21 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s financial markets represent about $2 trillion and are expected to grow to about $10 trillion by 2008. As these markets continue to open to outside investment, a thorough understanding of how they operate will be essential for success. In this book, Salih Neftci, an expert in finance whose teaching and research span North America, Europe and Asia, and Michelle Menager-Xu, a Chinese finance professional currently working in Geneva, bring together an unprecedented collection of Chinese insiders who are experts in their respective industries. These experts provide a detailed description of the banking system, the money, equity, futures, FX, and bond markets, the insurance sector, the mortgage market and mortgage instruments, and the regulators. Readers will learn how each of these financial sectors operates, how the government, regulators, and the central bank are involved, each sector’s history, size and projected growth, an analysis of its current situation and discussion of future trends, the major players, and how the game is played. This is a must-read book for financial success in this emerging market. Experts within China working in each sector provide detailed, completely up-to-date descriptions and analysis Describes how the major regulators work and the key influence factors in each industry

China's Local Government Bond Market

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484378415
Total Pages : 20 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis China's Local Government Bond Market by : W. Raphael Lam

Download or read book China's Local Government Bond Market written by W. Raphael Lam and published by International Monetary Fund. This book was released on 2018-09-28 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Local governments play a significant role in China’s public finance and fiscal operations. The size of local government debt has grown rapidly over the past years, exceeding the stock of sovereign debt in China. How does this development compare to other countries and what policies can foster the sound development of the bond markets? This paper finds that despite its rapid growth, the local government bond market is still underdeveloped. Severe impediments—low liquidity, weak credit discipline, structural fiscal deficit in local governments—have become more visible. Reforms to develop a sound local government bond market should harmonize tax and regulations, build liquidity, and advance fiscal reforms to tighten off-budget borrowing and address intergovernmental imbalances.

Understanding Chinese Bond Yields and their Role in Monetary Policy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1463904932
Total Pages : 44 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Understanding Chinese Bond Yields and their Role in Monetary Policy by : Mr.Nuno Cassola

Download or read book Understanding Chinese Bond Yields and their Role in Monetary Policy written by Mr.Nuno Cassola and published by International Monetary Fund. This book was released on 2011-09-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's financial prices are informative enough for the PBC to introduce a monetary policy framework centered around interest rates. While bond yields are not fully efficient?reflecting regulation, liquidity, and segmentation?we find they contain considerable information about the state of the economy as well as evidence of an emerging transmission channel: changes in PBC rates influence the structure of Treasury, financial, and corporate bond yield curves, which are then associated with changes in growth and inflation. Coporate spreads are also a leading indicator of growth and inflation. While further liberalization will strengthen both efficiency and transmission, several necessary elements to move towards indirect monetary policy are already in place.

ASEAN+3 Bond Market Guide 2016 Hong Kong, China

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Author :
Publisher : Asian Development Bank
ISBN 13 : 9292576445
Total Pages : 110 pages
Book Rating : 4.2/5 (925 download)

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Book Synopsis ASEAN+3 Bond Market Guide 2016 Hong Kong, China by : Asian Development Bank

Download or read book ASEAN+3 Bond Market Guide 2016 Hong Kong, China written by Asian Development Bank and published by Asian Development Bank. This book was released on 2016-11-01 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides various information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction, and other relevant information. The Hong Kong, China Bond Market Guide is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Hong Kong, China. The report should be recognized as a collective good to support bond market development among ASEAN+3 members.

Red Capitalism

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Publisher : John Wiley & Sons
ISBN 13 : 1118255135
Total Pages : 290 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Red Capitalism by : Carl Walter

Download or read book Red Capitalism written by Carl Walter and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

To Get Rich Is Glorious

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815737262
Total Pages : 290 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis To Get Rich Is Glorious by : Jacques deLisle

Download or read book To Get Rich Is Glorious written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2019-09-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "

Resolving China’s Corporate Debt Problem

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475545282
Total Pages : 43 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Resolving China’s Corporate Debt Problem by : Wojciech Maliszewski

Download or read book Resolving China’s Corporate Debt Problem written by Wojciech Maliszewski and published by International Monetary Fund. This book was released on 2016-10-14 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.

China's Financial System

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Author :
Publisher :
ISBN 13 : 9781680830606
Total Pages : 140 pages
Book Rating : 4.8/5 (36 download)

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Book Synopsis China's Financial System by : Franklin Allen

Download or read book China's Financial System written by Franklin Allen and published by . This book was released on 2015-11-18 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a review of China's financial system and compares it to other financial systems. It reviews what has worked and what has not within the markets and intermediaries in China, the effects of the recent development of China's financial system on the economy, and a non-standard financial sector operating beyond the markets and banking sectors.