As of April 30, 2015, the fixed income ETF market in China totaled CNY 8 billion; it is only 0.03% of the total market value tracked by the S&P China Bond Index. The fixed income ETF market in China is small when comparing with that of the U.S., which totaled USD 321 billion as of the same date.
Unsurprisingly, most Chinese investors favor high-risk and high-return products. They tend not to find the fixed income assets appealing, especially after the recent China stock rally. However, Chinese investors often overlook the risk component. As of April 30, 2015, the three-year annualized risk of China’s equity market1 is 19.5% versus 2.77% of Chinese fixed income, represented by the S&P China Bond Index.
– See more at: http://www.indexologyblog.com/2015/05/14/what-are-the-missing-pieces-in-chinese-fixed-income-2/
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