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The Chinese Bond Market: Historical Lessons, Present Challenges and Future Perspectives

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  • Haizhou Huang
  • Ning Zhu

Abstract

This study reviews historical lessons, depicts present challenges, and discusses future perspectives of Chinese bond market. Historical lessons on sovereign right concession and market tumult lead to a quite cautious approach towards the bond market. The legal background, and political considerations also played an important role in shaping bond market during the past two decades. Given the increasing demand for financing in China these days, the bond market is expected to enjoy some rapid growth in the coming decade and we discuss some areas with particular potentials and the challenges facing the development.

Suggested Citation

  • Haizhou Huang & Ning Zhu, 2007. "The Chinese Bond Market: Historical Lessons, Present Challenges and Future Perspectives," Yale School of Management Working Papers amz2582, Yale School of Management, revised 21 Sep 2009.
    • Handle: RePEc:ysm:wpaper:amz2582
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    File URL: https://repec.som.yale.edu/icfpub/publications/2582.pdf
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    References listed on IDEAS

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    1. Jacob Gyntelberg & Guonan Ma & Eli M Remolona, 2005. "Corporate bond markets in Asia," BIS Quarterly Review, Bank for International Settlements, December.
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    More about this item

    Keywords

    China financial market; bond market; monetary policy; financial history;
    All these keywords.

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • N2 - Economic History - - Financial Markets and Institutions
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
    • F3 - International Economics - - International Finance

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