The People’s Republic of China Corporate Bond Market Research 2023

The corporate bond market of the People’s Republic of China (PRC) has marked its significance in the development of corporate bond markets of ASEAN+3. The outstanding corporate bond market size of the PRC is the biggest in the region, with key issuers coming from the banking and the real estate sectors. What is remarkable about the PRC’s corporate bond market is the openness to cross-border transactions, which includes the issuance of panda bonds and dim sum bonds. The PRC is also gearing up for the emergence of new corporate bond products, particularly thematic bonds.