AllianceBernstein's Zeng on China Credit Markets

The video discusses China's efforts to enhance transparency in its bond markets, aiming to reduce financial risk and moral hazard. It explores the impact of economic normalization post-pandemic on China's bond market, highlighting the government's policy goals to support the private sector and avoid systemic risk. The video also examines market volatility, credit rating frameworks, and the influence of rate differentials on market dynamics, emphasizing the importance of understanding both technical and fundamental factors.

What are the government's intentions regarding the support of the private sector and SMEs?

How do international and local ratings companies impact the perception of credit risk in China?

What potential challenges could arise from the positive feedback loop between inflows and currency appreciation in China's bond market?