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| Tekijä: | Zhu, Jin |
| Otsikko: | An analysis of prospects for China's bond funds (original in Chinese) |
| Lehti: | Commercial Economy and Management (c)
1997 : 2, p.67-68 |
| Asiasana: | BONDS FUNDS BOND MARKETS CHINA |
| Kieli: | chi |
| Tiivistelmä: | The bond funds include national debt fund, the municipal bond fund and corporate bond fund. The objective condition for the development of national debt has become mature. The volume of national debt issued in 1995 began to top 100 billion yuan. But the listed fund for the national debt was less than one thousandth of the whole balance of national debt. The establishment of national debt fund has provided investors indirectly with chances of investment in government bond. The municipal bond fund refers to the bonds issued for the purpose of fund-raising for large projects. China has no definition of local government bonds. But their circulation state after being issued is worrying. So the corresponding fund may be established. As to the corporate bond fund, It has been in a depressed state in recent years. |
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