China's High-Yield Bond Market Has Ballooned to $159 Billion

  • Lakeshore, DCL Investments, ready to buy riskier bonds
  • Investors’ power on bond pricing is growing: Shanxi Securities
A pedestrian crosses a road as buildings of Pudong's Lujiazui financial district.Photographer: Qilai Shen/Bloomberg
Lock
This article is for subscribers only.

Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

China’s credit investors are demanding to be paid for risk - and that’s leading to explosive growth in the nation’s high-yield bond market.