Robust credit cultures key to developing deep and liquid corporate bond markets in Asia Pacific

A 30-metre pyramid made up of crystal blocks Christmas tree (L) lit up in front of (L-R) Bank of China Towner, Cheung Kong Centre, HSBC Hong Kong headquarters and Standard Chartered Bank Hong Kong headquarters during the Christmas lighting ceremony of WinterFest at financial business district in Hong Kong, China, 29 November 2010. (Photo: AAP)

Author: Tom Schiller, Standard & Poor’s

Despite good progress, Asia Pacific still has a long way to go before its local corporate bond markets realise their full potential. Fostering national credit cultures built on transparency, creditors’ rights, and independent and objective credit analysis is essential.

Nearly every Asia Pacific government has started building local corporate debt markets in order to benefit from the diversification that such markets provide. Read more…