Central banks and other regulatory agencies - dominant influences on both regional and local currency bond markets - co-operate in formulating best practice capital market standards across the region. They also work together to enhance market liquidity - the Asian Bond Fund Initiative is a prime example.

The major participants in the regional bond market are government and quasi-government agencies, global and regional organizations, banks, investment agencies, fund managers and hedge funds. Asia’s country specific regulatory frameworks and distinct local market attributes have also brought in niche players and boutiques, specializing in single markets or segments.