The Analysis Of Current Situation And Developing Prospects To The Asian Corporate Bond Market

The explosion of East Asia Financial Crisis in 1997 indicated the lack of mature corporate bond market in Asia. For a long term, bank credit was dominant in financial structure of Asia, which will obviously make the national financial system short of fluidity, transparency and flexibility replying to vital transformation. Once the structural unbalance of financial system is faced with exterior strike, it will give birth to serious disaster. After East Asia Financial Crisis, Asian nations gradually realize the importance of developing corporate bond market in Asia. The startup of Asian bond fund need perfect corporate bond market exigently. First of all, this paper mostly analyzes the developing actuality and facing problems of Asian corporate bond market and puts forward some corresponding solutions. Secondly, aiming at the developing situation of present Asian corporate bond market and the undeveloped of domestic corporate bond, this paper points out some concrete measures of China.The paper falls into six sections:The first section is preface, which consists of the research backgrounds, purposes and approaches. The establishment and development of the Asian corporate bond market are both the inevitable result of the development of the Asian economy and the necessary request of establishing regional risk guard mechanism to resist the financial crisis. At present, some domestic economists have achieved somewhere on the research about the establishment and development of the Asian corporate bond market, but there are few comprehensive research of this topic. The further analysis goes as follows: firstly analyzes the status quo and necessity of developing Asian...