Safe as houses is a saying unlikely to resonate with investors in Asian bond markets. Not only have they seen explosive volumes for the first month of the year, especially in the junk bond market, but this wave of issues has been dominated by Chinese property groups – long one of the riskier sectors in investors’ minds.
在當前的亞洲債券市場，“萬無一失”這個詞恐怕很難在投資者中引起共鳴。不僅是由于投資者們目睹了今年頭一個月里債券市場、特別是垃圾債市場發行量的爆炸式增長，還因為這一輪發行大潮的主角是中資地產集團——長期以來投資者心目中的高風險行業之一。
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