China bond funds tipped to boom as NSSF outsources more
China bond funds have grown as other domestic investment has shrunk, and they look set to attract big inflows amid market opening, bearish equity sentiment and local pension market expansion.
Chinese bond funds are set to drive the growth of the mainland investment industry in the coming two to three years on the back of institutional demand, argues an analyst with credit rating agency Moody’s.
Hong Kong based Nino Siu said the main reasons for greater foreign interest were China’s interbank bond market (CIBM) opening up and the renminbi’s inclusion in the International Monetary Fund's special drawing rights currency basket.
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