China corporate bond market opens up - slowly.

The Chinese bond market, long a dormant beast, has been showing signs of life in the past 12 months.

With about Rmb80 billion $9.75 billion issued over the course of its history, both the listed and unlisted Chinese corporate bond market has come to encompasses a wide range of China blue chips and infrastructure projects, such as the Three Gorges, Guangdong Nuclear Power, Baosteel, CITIC, Sinopec, the Ministry of Railways and China Mobile.

In 2002, a massive Rmb37 billion was raised and with demand from insurance companies, pension funds and mutual funds running strong, market participants...

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