Bloomberg News

China Will Open Bond Market ‘Step by Step,’ Hang Seng Says

May 17, 2010

Wendy Yuen, who helps run the Mainland China Bond Fund at Hang Seng Investment Management Ltd., comments on the opening of China’s bond market.

The fund has HK$1.1 billion ($141 million) under management, with about 30 percent of its money in corporate bonds listed on China’s exchanges. Yuen was speaking from Hong Kong in a telephone interview.

On China opening up its bond market to foreign investors:

“The Chinese government is a very cautious government. Right now the international economy is quite volatile in terms of both U.S. and European development, so the government will take it step by step rather than open it up straight.”

“The Chinese government wants to develop the overall investment markets and the bond market is one of the very important parts of the overall investment universe.”

--Henry Sanderson. Editor: Ed Johnson.

To contact Bloomberg News staff on this story: Henry Sanderson in Beijing at hsanderson@bloomberg.net

To contact the editor responsible for this story: Will McSheehy at wmcsheehy@bloomberg.net


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