16 listed China banks return to exchange bond market

The lenders’ entry into the market could help to improve interoperability, aid price discovery and optimize the yield curve.

A total of 16 listed banks will make a return to the stock exchange bond market by the end of 2011, reports China Business News, citing the President of the Shanghai Stock Exchange, Zhang Yujun.

Bank of Communications was the first bank to enter the exchange bond market in December 2010.

Commercial banks, which left the exchange bond market in 1997 to establish the interbank bond market, are currently the largest investors in China’s bonds.

The scale of the exchange bond market accounts for just three percent of the interbank bond market at present.

According to Zhang, eight listed banks are expected to have entered the exchange bond market by the end of the first half of 2011.

Zhang said the entry of the banks into the exchange bond market could help to improve interoperability, aid price discovery and optimize the yield curve.

View the full story in Capital Vue.

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