Legal uncertainty around EU bonds and investment opportunities in China
Wednesday 19 May 2021 – Vol.12 Ed.20.3
Commentary: EU bond issues open to legal uncertainty
By Bernd Lucke in Hamburg
Germany has ratified the law that allows financing of the European Union’s Next Generation recovery fund through bond issues of up to €750bn (at 2018 prices), maturing up to 2058. But because of the special circumstances caused by Covid-19, the EU’s bond issues will be exposed to political and legal uncertainty which could affect credit rating agencies views’ of the risks attached to the borrowings.
Read the full commentary on the website.
Meeting: Renminbi internationalisation and investment opportunities in China
Thursday 20 May, 06:30-08:00 BST
China is liberalising its $17tn bond market as part of a wider reform effort to globalise its domestic capital markets. There are considerable investment opportunities for international institutional investors. Australia China Business Council Victoria and China Construction Bank Sydney Branch join OMFIF to discuss the evolution of China’s currency and its implications for investments into Chinese capital markets.
Register to attend here.
