Asia's millionaires prefer bonds

With the volatility in the equity markets and the uncertainty over the economic outlook, Asia’s wealthiest people are putting their cash to work in the bond markets.

Asia is home to 33 million high-net-worth individuals and it is this growing population of rich and affluent people that has been driving the demand for many of the bonds that have priced this year across the region. This has especially been the case in China, Hong Kong and India.

A list of borrowers that have attracted a strong response from these high-net-worth individuals HNWI include Bank of East Asia, Kaisa Group, KWG Property Holdings, PCCW,...

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