Your ad (Ming Pao, 17 Jan 2013) refers.
Further to your report on HK’s bond market development, as a private investor surfing local bonds markets since 2009, a few observations:
1. banks defunct to trade bonds
2. HKD bonds virtually non-existent
3. Bonds are not catered to retail investors for many reasons, channel just amongst the factors
4. Non-HKD denominated bonds (dimsum, USD, GBP) also have severe price fluctuations
5. i-Bonds a joke – to investors, intermediaries, and also the issuer
To conclude, I find basically there is nobody to understand bonds in HK, other than international houses book-running/trading bonds for PIs (professional investors) or institutions.
Your ad (Ming Pao, 17 Jan 2013) refers.
Further to your report on HK’s bond market development, as a private investor surfing local bonds markets since 2009, a few observations:
1. banks defunct to trade bonds
2. HKD bonds virtually non-existent
3. Bonds are not catered to retail investors for many reasons, channel just amongst the factors
4. Non-HKD denominated bonds (dimsum, USD, GBP) also have severe price fluctuations
5. i-Bonds a joke – to investors, intermediaries, and also the issuer
To conclude, I find basically there is nobody to understand bonds in HK, other than international houses book-running/trading bonds for PIs (professional investors) or institutions.