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"Companies' willingness to issue debentures is stronger now as liquidity is fairly ample, which has driven financing costs down," said Su Li, chief bond analyst with Beijing-based Golden Credit Rating International.

"Companies need to focus on refined operations as well as seeking new ways to turn profitable. They should try to reduce the cost, improve the efficiency, improve the service offerings and provide better user experiences."

"Clearly, we have much to do. Shandong Gold's presence in Toronto will help foster new relationships and better understanding of Chinese investors by Western investors and operators. It will add value to the collaboration our two companies are forging," Krcmarov added.

"China represents a significant opportunity in the aviation industry, as it is developing rapidly and the demand for aviation services is increasing," he said.

"China remained the region's leader in terms of bond market size with its share of the regional total rising to 75.4 percent," the report said.