Onshore market feeling the deluge from Chinese property companies
They have all been heading to the newly opened-up onshore bond market. But could some Chinese property issuers be tempted offshore again as they reach their domestic credit limits, investors start showing signs of fatigue and the spread differential between the two markets narrows
That is certainly the view of Arthur Lau, head of Asian fixed income at PineBridge Investment in Hong Kong.
He believes the offshore market is starting...