Policies announced at the National People’s Congress NPC, which ended today, will boost bond issuance in China’s onshore market. Giving a fillip to China’s onshore market may detract from the offshore market, but foreign investors can look forward to further liberalisation in the world’s third largest bond market.
The session of the NPC, China’s parliament, was held in Beijing from March 5 to 15.
“Going forward, we expect solid corporate bond issuance benefiting from the low financial market interest rates,” said JP Morgan in a recent report.
“The most important message from the NPC is a confirmation that there will be more...