Guest Column

Bonds - catalyst for reform of state-owned commercial assets

  • Published 30 Apr 2009

Dag Detter, an adviser on sovereign wealth funds, private equity and hedge funds, talks on China's growing need to develop its bond market.

China could be the world's leading financial and industrial power if it successfully develops a more effective financial sector. An important milestone would be the advent of a vibrant bond market. In contrast to other major economies, China’s bond market is currently underdeveloped when compared with its gross domestic product and the size of its corporate sector. Such a development would radically reduce the near total dependency of the country’s corporations on bank financing.

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