Making Sense of China’s Bond Market

The video discusses the dynamics of local and onshore bond markets, highlighting liquidity issues and market volatility. It explores the offshore market, particularly dollar bonds, and the impact of Evergrande's situation. The video emphasizes the importance of understanding investment strategies and policies in China, and identifies opportunities in credit spreads and financing cycles.

What factors contribute to the perception that local bonds are the most stable?

What are the implications of having no natural buyers in the market?

How does the liquidity in the dollar market compare to the onshore market for high yield bonds?

In what ways can the current market situation serve as a case example for future defaults?

What role does understanding policy play in investing in China, particularly regarding the Evergrande situation?