A collapsing Chinese high yield market and increasing pressure on banks with real estate exposure are two reasons why private debt has an opportunity to build its market share in Asia-Pacific, attendees at the PDI APAC Forum 2024 in Singapore heard.
Addressing a packed room at the Sands Expo & Convention Centre, panellist Soo Cheon Lee, co-founder and chief investment officer at Hong Kong-based fund manager SC Lowy, said the Chinese high-yield market was worth around 75 percent of the Asian high-yield market as a whole, while banks in Asia-Pacific accounted for about 75-80 percent of lending.
