Source: China – South China Morning PostGlobal investors’ search for alternatives to US-dollar assets is driving more capital into China’s domestic bond market, according to UBS.
A new wave of increased allocations to the Chinese bond market had just begun and was expected to continue if the trend of de-dollarisation continued, said Raymond Gui, Asia head of fixed-income portfolio management in the Swiss bank’s asset-management arm. UBS launched its first yuan-denominated bond fund in 2018.
Foreign investors, mostly institutional…Read More