Asia Bond Monitor - November 2011 - AsianBondsOnline

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Asia Bond Monitor - November 2011 - AsianBondsOnline

Asia Bond Monitor

Figure 17: Structural Issues for Individual LCY Government Bond Markets

China, People's Rep. of

Greater Diversity of

Investor Profile

3.6

Transparency

Market Access

2.6

2.7

Transparency

3.3

Hong Kong, China

Greater Diversity of

Investor Profile

3.3

2.2

Market Access

Hedging 3.4

Mechanisms

2.8

FX

Regulations

Hedging

Mechanisms

3.0

2.8

FX

Regulations

Settlement

and Custody

1.7

1.4

3.4

Transaction

Funding

Settlement

and Custody

2.8

1.5

1.8

Transaction

Funding

Tax Treatment

Tax Treatment

India

Greater Diversity of

Investor Profile

4.0

Indonesia

Greater Diversity of

Investor Profile

3.4

Transparency

3.5

Market Access

3.6

Transparency

3.0

2.1

Market Access

3.5

Hedging

Mechanisms

3.3

FX

Regulations

Hedging

Mechanisms

2.9

2.6

FX

Regulations

3.4

Settlement

and Custody

3.3

3.4

Transaction

Funding

Settlement

and Custody

2.3

2.6

3.1

Transaction

Funding

Tax Treatment

Tax Treatment

Korea, Rep. of

Malaysia

Greater Diversity of

Investor Profile

Greater Diversity of

Investor Profile

Transparency

2.6

3.2

Market Access

2.9

Transparency

2.8

3.1

2.5

Market Access

Hedging

Mechanisms

3.2

3.0

FX

Regulations

Hedging

Mechanisms

2.7

3.0

FX

Regulations

Settlement

and Custody

2.8

2.6

3.0

Transaction

Funding

Settlement

and Custody

2.3

2.3

2.4

Transaction

Funding

Tax Treatment

Tax Treatment

continued on next page

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