1. FUTURE PROSPECTS OF THE HONG KONG DEBT MARKET
During the past three decades, Hong Kong has emerged as an international financial centre. ... In 1995 the World Bank even estimated that Hong Kong's bond market was the second smallest in non-Japan Asia. ... Together with the dominance banking sector, bank lending was much preferred by these companies. ... Gradually, it was extended to cover Hong Kong dollar private sector debt papers and was linked to Hong Kong's inter-bank payment system, the Real Time Gross Settlement System (RTGS) to reduce settlement risk of Hong Kong dollar debt transactions. ... Asset backed securiti...
- Word Count: 1396
- Approx Pages: 6
- Grade Level: Undergraduate