Chinese bonds offer returns, stability, ICBC says

The Industrial and Commercial Bank of China (ICBC) has held roadshows in Hong Kong, Tawian, Korea, Japan, Australia and New Zealand to help raise awareness of the bonds available and how to invest in them.

Executive director and general manager of ICBC in New Zealand Karen Hou said New Zealand financial advisers and their clients had very little or no knowledge of Chinese bonds.

“This is the reason why ICBC and China Central Depository and Clearing (CCDC) have decided to educate the global financial markets,” she said.

“The Chinese financial regulatory authorities have removed several restrictions on foreign investments in China and CCDC and ICBC believes that there will be potential investment opportunities for NZ banks and wealth funds. This provides an opportunity for investors to diversify fixed-income security portfolio through investment in Chinese bonds.”