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.
在当前的亚洲债券市场，“万无一失”这个词恐怕很难在投资者中引起共鸣。不仅是由于投资者们目睹了今年头一个月里债券市场、特别是垃圾债市场发行量的爆炸式增长，还因为这一轮发行大潮的主角是中资地产集团——长期以来投资者心目中的高风险行业之一。
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