Core Insights - The current allocation of foreign investors in the Chinese bond market is driven by macro factors such as the internationalization of the Renminbi and index investment, as well as tactical opportunities like foreign exchange and carry trades [1][3] Group 1: Suggestions for Enhancing Bond Market Attractiveness - Increasing the supply of credit bond ETFs by learning from overseas experiences to enhance overall market liquidity through product innovation [3] - Improving the credit bond reissuance mechanism to boost the liquidity of individual bonds and the secondary market [3] - The Shanghai Stock Exchange's introduction of the credit bond reissuance mechanism this year is seen as a starting point for further increasing reissuance frequency and scale, which could create a linkage effect between the primary and secondary markets, attracting more foreign investors [3]
渣打严守敬：建议扩大信用债ETF供给与续发机制 提升交易所市场流动性与吸引力