Assessment of Bond Market in China

Zheng Wang

Bachelor's thesis

Abstract:

This paper introduces the development of the domestic bond market and points out that the interbank bond market currently dominates the bond market. The exchange bond market and the commercial bank counter market have developed steadily. However, with the development of the market economy, the capital project is gradually opening up. The development of the bond market still cannot meet the needs of economic development. It is necessary to vigorously develop the bond market and improve the market financing system. In the latter part, this paper introduces China's government and company bond types to complete China's entire bond system. Clear. Finally, the bond risk assessment is divided into two parts, from the most direct calculation of a company's bond yields and prices to assess bond risk, and secondly from the risk assessment model to calculate bond risk. There are still many problems in the Chinese bond market. By perfecting laws and regulations and unifying market supervision, China's bond market is developing better.

Abstract:

This paper introduces the development of the domestic bond market and points out that the interbank bond market currently dominates the bond market. The exchange bond market and the commercial bank counter market have developed steadily. However, with the development of the market economy, the capital project is gradually opening up. The development of the bond market still cannot meet the needs of economic development. It is necessary to vigorously develop the bond market and improve the market financing system. In the latter part, this paper introduces China's government and company bond types to complete China's entire bond system. Clear. Finally, the bond risk assessment is divided into two parts, from the most direct calculation of a company's bond yields and prices to assess bond risk, and secondly from the risk assessment model to calculate bond risk. There are still many problems in the Chinese bond market. By perfecting laws and regulations and unifying market supervision, China's bond market is developing better.

Keywords

bond market, government bond, corporate bond, bond risk assessment.

Keywords

bond market, government bond, corporate bond, bond risk assessment.

Language used: English

Date on which the thesis was submitted / produced: 10. 5. 2019

Thesis defence

• Date of defence: 7. 6. 2019
• Supervisor: Haochen Guo
• Reader: Kateřina Kořená

VŠB - Technical University of Ostrava

Ekonomická fakulta

Bachelor programme / field:
Hospodářská politika a správa / Finance