At the roundtable forum "New Investment Opportunities in Exchange Bond Market Opening" during the Shanghai Stock Exchange International Investor Conference on November 12, Yan Shoujing, Head of Debt Capital Markets for Greater China and North Asia at Standard Chartered, stated that foreign investors' current allocation to China's bond market is driven by macro factors such as RMB internationalization and index investing, as well as tactical opportunities like forex and carry trades.

To further enhance the appeal of the exchange credit bond market, Yan proposed two key recommendations: 1. Increase the supply of credit bond ETFs, drawing on international experience to boost overall market liquidity through product innovation. 2. Improve the rollover mechanism for credit bonds to enhance individual bond liquidity and secondary market trading activity.

Yan noted that the Shanghai Stock Exchange's introduction of a credit bond rollover mechanism this year marks a proactive step forward. He suggested increasing the frequency and scale of rollovers in the future to create synergy between primary and secondary markets, thereby attracting more foreign investors to China's bond market.