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China Debt Markets Urged to Make Radical Reforms – FT

The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year


Asset managers have urged China to implement radical debt market reforms, such as more transparency on how defaults are handled, the Financial Times reported.
The calls come as global fixed-income traders sold about $35 billion worth of yuan-denominated bonds in the first four months of this year. File photo: AFP.

 

Asset managers have urged China to implement radical debt market reforms, such as overhauling the rules on defaults, the Financial Times reported.

About $35 billion in yuan-denominated bonds were sold in the first four months of this year, but traders fear outflows could increase if the market is not subjected to far-reaching changes.

Read the full report: Financial Times.

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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