Abstract
Investors can find bargains in the Chinese high-yield bond market (US dollar-denominated securities that trade offshore). But, as the recent high-profile Sino-Forest bankruptcy clearly demonstrates, investors who fail to use a rigorous credit analysis process risk losing their shirts in this highly volatile and weaklyregulated market.
In Investing in China’s High-Yield Debt Markets: A Proposed Credit Analysis Framework , presented in JPM’s Special China Issue , Jie Liu and Frank Fabozzi offer a new and rigorous framework, combining five credit metrics, to help investors find the most creditworthy investing opportunities in Chinese high-yield bonds.
- The content is made available for your general information and use and is not intended for trading or other specific investment advice purposes or to address your particular requirements. We do not represent or endorse the accuracy or reliability of any advice, opinion, statement, or other information provided any user of this publication. Reliance upon any opinion, advice, statement, or other information shall also be at your own risk. Independent advice should be obtained before making any such decision. Any arrangements made between you and any third party named in this publication are at your sole risk.
Don’t have access? Register today to begin unrestricted access to our database of research.
Log in using your username and password
In this issue
Jump to section
Similar Articles
Cited By...
- No citing articles found.