Every Other Market Is Buckling And Yet China Is Doing Fine
- Record $51 billion dollar bonds issued so far this year
- Bank of China prices $2.8 billion in AT1s notes this week
Pedestrians walk past commercial buildings in the Lujiazui Financial District in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Record sales of corporate debt in China underscore how official support for the nation’s financial markets has boosted their resilience to stress caused by the coronavirus outbreak.
While bond deals elsewhere have shown signs of freezing up, Chinese borrowers have raised $22 billion via new issuance this month alone, marking the strongest February to date and up from $17 billion a year earlier.