PBOC’s Pan: China seeks more open, more transparent, more efficient bond market

Dhwani Mehta FXStreet

People's Bank of China (PBOC) Deputy Governor Pan Gonhsheng is on the wires now, via Reuters, speaking about the bond market issues and economic growth.

Pan said China is looking for a more open, more transparent, more efficient bond market as part of financial market opening up, adding that the Chinese bond market has a relatively low default ratio, having some defaults are not a bad thing.

Additional Comments:

China corporate bond default rate 0.79% at end-2018.

The certain level of default rate can benefit the Chinese bond market.

On China’s economy, he said that China seeks sustainable economic growth.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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