Chinese bonds still unlikely to find favour in second half of 2022
Despite non-property developer bonds being relatively more attractive than Chinese government bonds (CGBs), overall sentiment among foreign investors is likely to remain low in the second half of the year.
With housing woes hanging over the Chinese market - and the yuan on the weak side against a strengthening greenback - Chinese bonds are unlikely to find traction with foreign investors in the second half of 2022.
China’s debt market went through sell-off in the first half of 2022 amid risk-off sentiment for emerging markets investment caused by rate hikes, China's Omicron outbreaks, and geopolitical tensions.
Foreign investors’ holdings of Chinese debt shrunk to 2.6% of the tota…
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