Update: Q&A: Central Bank Deputy Says Defaults Are Good for China’s Bond Market

Caixin Global | Aug 13, 2019 at 8:25 PM
  • To address the difficulties faced by nonbank financial institutions such as brokerages and funds, the PBOC and relevant departments have asked some top brokerages to provide liquidity support for small and midsize nonbank institutions.
  • Following the opening-up of the Chinese bond market, in 2018, the net inflow of foreign capital to the bond market totaled about $100 billion.
  • As of the end of June, overseas institutions had issued on China’s interbank market about 219.1 billion yuan worth of “panda bonds” — yuan-dominated onshore bonds that are issued by overseas institutions in China.