The Chinese HY dollar bonds have been underperforming since the start of this year, contradicting earlier expectations of an outperformance, due to China’s strong recovery from the pandemic and its attractive valuation vis-à-vis other emerging markets.
With the recent clampdown on technology and education sectors, this has resulted in a further sell-off in July.
In this week’s podcast, Chan Wai Mei, looks at the recent turmoil in the Chinese HY bond market and offers a survival guide to navigating this challenging landscape.
