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Government bonds are “first leg of entry” for China’s onshore fixed income: Fidelity

China Wind Lock Gu Lou

Against the background of low interest rates, a weaker dollar, and the gradual opening up of China’s capital markets, institutional and private bank investors have been pouring a larger share of their portfolio into Chinese fixed income in their search for yield. Their first port of call? Onshore Chinese government bonds (CGBs), said Fidelity. China’s onshore fixed income market has…

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