BlackRock says ‘absolutely critical’ to look at China bonds

Rise in value: BlackRock is long on the Chinese yuan, which has advanced 2.8 against the dollar this year. — Reuters

HONG KONG: BlackRock Inc, the world’s largest money manager, said that investors cannot ignore China’s onshore bond market, which has reached the US$10 trillion mark.

“It’s absolutely critical if you’re a fixed-income investor to have a closer look at the Chinese bond market and then figure out the access as well as the positioning,” Neeraj Seth, head of Asian credit at the asset manager, said at a briefing.