A Financial Times Service
China Confidential - Premium Investment Insight
07 August 2012

In recent months, high-yield corporates in the offshore renminbi (CNH) bond market have rallied exceptionally in the wake of improving sentiment towards mainland property developers and a shortage of supply in the high-yield space. However, we do not believe that this latest rally is a sign that investors should buy aggressively. Not only is the potential for further gains likely to be capped, but the universe for high-yield CNH bonds remains highly illiquid.

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CHINA CONFIDENTIAL

An integrated research service from the Financial Times that provides premium, exclusive analysis and predictions on China investment themes.

Using a dedicated FT team of specialists in China and the UK, it taps Chinese sources from the grassroots to the political elite to forecast key trends and issues. It conducts proprietary research to supply its own insights into industry trends and consumer sentiment. By filtering the work of the best Chinese analysts and academics, it keeps you current on key debates as they unfold inside mainland China. Its broad aim is to help the professional investor navigate through the Chinese investment landscape.

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