China lures foreign debt buyers despite corporate default fears

Offshore investors eye bonds from quasi-sovereign 'policy banks'

20210526 china

Institutions such as the Export-Import Bank of China are viewed as offering investors a quasi-sovereign low level of risk. (Source photos by Reuters and AP)

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- Global investors are warming to Chinese bonds after a temporary sell-off and are looking at safer alternatives beyond sovereign debt to tap higher yields and boost returns.

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