So what is the size of the Chinese corporate bond market?
'At the end of January 2014, total outstanding of corporate bonds stood at CNY 9.1 trillion (EUR 1.1 trillion), about 16% of GDP. The Chinese government’s effort in curbing shadow banking system (corporate bond is categorised as a part of non-formal banking sector) since 2013 has reduced new issuance of corporate bonds. Growth of total outstanding has fallen to all-time low of 25% y/y. Despite its explosive growth in recent years, corporate bonds remain a negligible funding source for companies, accounting for only 9% of total funding in the society.'
That is enough (for now) from me. I am sure that everybody got a vague idea about China. As always - do your own research and fill in the details.
