Global Conference 2006
Deciphering the Asian Debt Market
Monday, April 24, 2006 / 2:00 pm - 3:15 pm
Recognizing that diversified channels of capital are crucial to the formation of efficient and healthy financial systems, many Asian countries have made the development of corporate bond markets a high priority. Since 2000, the Asian bond market has grown by 50 percent. Many countries, including China, have utilized this instrument to restructure industries and raise capital to finance growth. Although still relatively small in comparison to bond markets in North America and Europe, the Asian bond market is expected to grow, just as the regional economy continues to grow at high rate. How do these Asian debt markets differ from developed markets in America and Europe? How do they perform compared to other emerging markets? In emerging markets such as China, Thailand and Korea, information on corporation credit and performance is unfamiliar to many western investors. How should we decipher this information and their market measurements? How should we interpret industry performance, regulations and corporate governance and accountability from country to country? Join this roundtable for a lively discussion of these issues.