A Study Of The Development Of The Bond Market In Hong Kong

Hong Kong's regional financial status is well known. However, its bond market remain a rather sickly cousin of the generally hale and hearty stock markets and the ubiquitous bank lending market by contrast to the US and Europe. The question of how to further develop and stimulate the bond market in Hong Kong is significant for maintaining and enhancing Hong Kong to be an international financial centre.During the 1997 Asian crisis, the East Asia suffered a lot and was aware of having an inefficient capital market. The developments in the Hong Kong bond market have been impressive since 1990, it is the good chance to strengthen it now.Firstly, the thesis analyse the necessity for developing the Hong Kong bond market in different viewpoint. Secondly, it introduces the development of the Hong Kong bond market by using a lot of updated data. Thirdly, it spots the strengths and weaknesses of the Hong Kong bond market. Finally, it resolves the problems by expanding the market and, improving the liquidity, the infrastructure, the regulation and the market structure.