China bond market opens, but will investors come?

Last month’s opening of the Chinese onshore bond market to most foreign institutional investors has sparked a lot of interest, but important questions must be answered before substantial capital will flow in, said panelists at a FinanceAsia forum yesterday. Market participants want to see clarification on areas such as credit ratings, accounting rules, issuance and repatriation, and where investors stand in cases of state-owned enterprise bond default. All this is on top of existi…