Document Type

Thesis or dissertation

Date of this Version



Frank Zhou


This paper examines the evolution of the Chinese bond market from its conception to present day with a primary emphasis on current reforms. China has had immense growth since it first implemented its liberalization policies in the 1970s, but in order to sustain this growth the country has to continually find new ways to develop capital. China’s financial system is relatively obscure with not much data or public information out there and especially with regard to the country’s relatively newer bond market. That being said there have been significant changes in China’s economic policies in recent years as more and more foreign investors have been given access to the country’s bond market. This paper breaks down all the major bond market reforms in China’s modern history and provides the impact that these policies have had on the country’s financial system.


China, Bond Market, Economic Reforms



Date Posted: 13 August 2018


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