(Bloomberg) — China’s success in luring foreigners into its domestic debt market, the world’s second largest, faces a new test in coming months as officials try to drum up interest in a record wave of bonds from local authorities.International funds now hold 8.6% of China’s central government bonds, several times more than the share just several years ago, and not terribly far from the 13% overseas stake in Japanese sovereigns. Inflows continued through the coronavirus crisis, and the U.S. trade war.Officials are hoping that interest might extend to local government notes, where foreign ownership is merely 0.01%. Issuance will climb …read more
Source:: Yahoo Finance
