Soon thereafter, the bond offering was withdrawn from the market making it the first such foreignbond offering ever derailed on the U.S. market for primarily national security reasons.
Beijing also has opened the door wider for foreign investors to access the domestic bondmarket, though Chinese banks and mutual funds still make up the biggest chunk of buyers.
They were among the first to spot a magical opportunity when in 1963 new taxes in the United States led to a collapse in foreign interest in the American international bondmarket.