Very interesting and informative report. Yuan internationalization is a big theme in the next 5-10 years. Opening and accessing Chinese capital market for international investors will be the key. Sovereign bond market provides the foundational assets and benchmark return for the investors, particularly pension fund investors. Chinese sovereign bond market is riding the tailwind now, with the high interest rate, appreciating and stable currency against the backdrop of near zero or negative interest rates in the west.
I suppose this is the harbinger of things to come.
I suppose this is the harbinger of things to come.