The so-called dollar debt is a bond denominated in dollars. Asian dollar bonds are dollar-denominated bonds issued by Asian economic entities; China dollar bonds are dollar-denominated bonds issued by economic entities in China. Most Chinese-funded enterprises that issue bonds overseas are leading enterprises in regions or industries. They have long-term good business development model, good bank financing channels and government support, good credit fundamentals and low default rate.

China dollar bond issuance accelerated from 20 10, and 20 16 reached the highest level in history. Although we know the meaning of US dollar bonds, the overall issuance of US dollar bonds in China has increased significantly in the past five years, both in terms of the number and total amount of issuance. The issuance of city investment dollar bonds reached its peak last year.

Under the expectation of the Fed's interest rate hike and Trump's fiscal policy, the market does face a certain degree of interest rate risk. However, the nature of the bond itself is that as long as the default can be avoided, investors will not lose money if they hold the expired bond unless the interest rate is negative. China's dollar bonds have a high coupon rate, and their valuations are also superior to those of European and American bonds.