According to Bloomberg, 70 per cent of Chinese bonds are rated AA or above, and a staggering 60 per cent have been awarded the highest possible AAA classification. Photo: AFP

Here’s why China is flooded with AAA-rated bonds: confusion and rivalry among regulators

A fragmented and confusing bond market, where four regulators compete with each other, has created a mess that’s keeping foreign investors away.

Topic |   Bonds

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According to Bloomberg, 70 per cent of Chinese bonds are rated AA or above, and a staggering 60 per cent have been awarded the highest possible AAA classification. Photo: AFP
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