UK $395 Billion Asset Manager M&G Investments Launches China Corporate Bond Fund M&G (Lux) China Corporate Bond Fund Investing in China Onshore Corporate Bond Market in High-Quality Corporate Credits Including State-Owned Entities (SOEs), Local Government Financial Vehicles (LGFVs) & USD Bonds Issued by China Entities, Fund Manager is Singapore-Based William Xin
13th March 2025 | Hong Kong
UK asset manager M&G Investments ($395 billion AUM) has announced the launch of China corporate bond fund M&G (Lux) China Corporate Bond Fund investing in China onshore corporate bond market in high-quality corporate credits including State-Owned Entities (SOEs), Local Government Financial Vehicles (LGFVs) & USD Bonds issued by China entities. The fund manager is Singapore-based William Xin. Announcement (12/3/25): “M&G today announces the launch of the M&G (Lux) China Corporate Bond Fund (the Fund), expanding M&G’s global fixed income offering to external clients. The Fund provides investors with the opportunity to invest in China’s vast onshore corporate bond market—one of the world’s largest and fastest-growing credit markets—at a time when global investors are seeking diversification opportunities in fixed income. Against a backdrop of shifting global interest rate cycles, the Fund aims to generate a higher total return than the China corporate bond market over any three-year period. With China’s monetary policy diverging from major developed economies, the Fund seeks to capture relative value opportunities, combining capital growth and income, while expanding global investor access to China’s dynamic credit market. With a strong heritage in global fixed income investing, M&G manages US$173.3 billion in fixed income strategies worldwide, drawing on deep expertise across investment-grade, high-yield, and emerging market debt. The Fund will actively allocate to high-quality corporate credits, including state-owned entities (SOEs) and local government financial vehicles (LGFVs), while maintaining flexibility to invest in USD-denominated bonds issued by China entities. The Fund will be managed by Singapore-based William Xin, who has over two decades of experience in China’s credit market. He will be supported by M&G’s Asian Fixed Income team that is based in Singapore and manages almost $10 billion in assets across the region—as well as leverage the firm’s extensive research capabilities and proprietary credit analysis across the UK, Europe, and the US. This combination of local expertise and global resources will provide clients with a research-driven approach to identifying attractive opportunities in China’s corporate bond market. The Fund will be classified as SFDR Article 8. It is structured as a Sub-Fund of a UCITS Luxembourg SICAV, and will be available to institutional and wholesale investors in Europe, as well as professional investors across Asia.”
“ UK $395 Billion Asset Manager M&G Investments Launches China Corporate Bond Fund M&G (Lux) China Corporate Bond Fund Investing in China Onshore Corporate Bond Market in High-Quality Corporate Credits Including State-Owned Entities (SOEs), Local Government Financial Vehicles (LGFVs) & USD Bonds Issued by China Entities, Fund Manager is Singapore-Based William Xin “
Andrew Chorlton, Chief Investment Officer of Fixed Income at M&G Investments: “Investor demand for diversified fixed income exposure continues to grow, particularly in Asia and Europe. This launch follows our significant investment in expanding M&G’s global credit platform, including build-out of our Asian fixed income expertise, to enhance our ability to provide clients with innovative solutions and access to leading fixed income markets. By leveraging our in-house credit research capability and deep experience in credit selection across investment teams, this strategy offers investors a compelling way to access China’s evolving onshore bond market, while benefitting from M&G’s disciplined approach to active fixed income management.”
William Xin, Portfolio Manager, Asia Fixed Income, M&G Investments: “China’s corporate bond market is one of the most dynamic in the world and global investors are attracted to the diversification it offers, its relatively stable risk-return profile and its low correlation to other bond markets. As the market continues to internationalise, we expect this will further increase demand for Chinese Yuan-denominated assets over the long-term.”
UK $395 Billion Asset Manager M&G Investments Launches China Corporate Bond Fund M&G (Lux) China Corporate Bond Fund Investing in China Onshore Corporate Bond Market in High-Quality Corporate Credits Including State-Owned Entities (SOEs), Local Government Financial Vehicles (LGFVs) & USD Bonds Issued by China Entities, Fund Manager is Singapore-Based William Xin

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