The term "portfolio analysis", introduced in the economic theory by Harry Markowitz, is not a new term in scientific literature. However, analysis and criticism in the papers of local and foreign authors are mainly based on the examples of developed capital markets. There are very few cases of application of the portfolio analysis in the domestic capital market. The focus of this paper is on implementation of diversification of the bonds on the Banja Luka Stock Exchange. Using Markowitz's portfolio selection, we will prove that diversification, including all limitations, is possible and applicable onto the domestic bonds in the capital market.

Cilj rada je da putem analize vanjske politike i odnosa NR Kine sa EU i zemljama Centralne i Istocne Evrope i ekonomskih pokazatelja, da predoci znacaj nove kineske strategije otvaranja i pojacane saradnje u zemljama CIE i realizacije Novog puta svile te da ponudi objektivan prikaz pojedinacnih pitanja i prilika koje se otvaraju za BiH na tom putu. Prvi dio rada analizira važnost nove strategije prema zemljama Centralne i Istocne Evrope u okviru realizacije Novog puta svile. Centralni dio rada bavi se odnosima NR Kine i BiH, realizacijom dosadasnjih projekata i kredita, te ekonomskom analizom uticaja istih na privredni rast u BiH.