November has been a terrible month for Chinese corporate bonds
China is cracking down on leverage following the people's congress in October. As a result, corporate bonds have suffered their worst month in two years.
Bloomberg spoke with a Chinese fixed-income fund manager who has returned 15% this year and he says spreads will continue to widen.
"There is a high probability that credit spreads will widen next year given that there hasn't been any improvement in the tight liquidity," said Zhang Qinghua, general manager of fixed-income fund investment at E Fund Management Co.
