{
  "title": "The Future of China's Bond Market",
  "publication": "Books, March 13, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/books/issues/2019/03/05/the-future-of-china-s-bond-market-46144",
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  "summary": "China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- China’s bond market is described as destined to play an increasingly important role domestically and internationally.\n- Inclusion of China’s bonds in global indexes is characterized as a milestone for financial market integration that will bring both opportunities and challenges for policymakers and investors.\n- The volume emphasizes the need for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed."
    },
    {
      "heading": "Scope and segments analyzed",
      "content": "- Comprehensive analysis of different segments of China’s bond market:\n  - sovereign bonds\n  - policy bank bonds\n  - credit bonds\n  - rapidly growing local government bond market\n- Additional coverage includes:\n  - bond futures\n  - green bonds\n  - asset-backed securities\n  - China’s offshore market and its role in onshore market development"
    },
    {
      "heading": "Key findings and emphasis",
      "content": "- Market integration: Inclusion in global indexes is highlighted as a transformative event for China’s bond market integration with global financial markets.\n- Reform imperative: The analysis underscores areas where reforms are needed to manage opportunities and challenges arising from greater international participation.\n- Market development linkages: The offshore market has played a major role in onshore market development."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subjects: Bonds, Climate finance, Corporate bonds, Environment, Financial institutions, Financial markets, Financial services, Securities, Securities markets, Sovereign bonds, Yield curve\n- Keywords: Asia and Pacific, bond, bond issuance, bond issuer, bond market, Bonds, BOOK, China, Climate finance, Corporate bonds, dim sum, Europe, financial market, Global, local government, market, Securities, Securities markets, Sovereign bonds, Treasury bond futures, Yield curve\n\n---\n\n\nSource: https://www.imf.org/en/publications/books/issues/2019/03/05/the-future-of-china-s-bond-market-46144"
    }
  ],
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    "Published: March 13, 2019",
    "Series: Books",
    "DOI: https://doi.org/10.5089/9781484372142.071",
    "China’s bond market is described as destined to play an increasingly important role domestically and internationally.",
    "Inclusion of China’s bonds in global indexes is characterized as a milestone for financial market integration that will bring both opportunities and challenges for policymakers and investors.",
    "The volume emphasizes the need for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed.",
    "Comprehensive analysis of different segments of China’s bond market:",
    "Additional coverage includes:",
    "Market integration: Inclusion in global indexes is highlighted as a transformative event for China’s bond market integration with global financial markets.",
    "Reform imperative: The analysis underscores areas where reforms are needed to manage opportunities and challenges arising from greater international participation.",
    "Market development linkages: The offshore market has played a major role in onshore market development.",
    "Subjects: Bonds, Climate finance, Corporate bonds, Environment, Financial institutions, Financial markets, Financial services, Securities, Securities markets, Sovereign bonds, Yield curve",
    "Keywords: Asia and Pacific, bond, bond issuance, bond issuer, bond market, Bonds, BOOK, China, Climate finance, Corporate bonds, dim sum, Europe, financial market, Global, local government, market, Securities, Securities markets, Sovereign bonds, Treasury bond futures, Yield curve"
  ],
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