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The ASEAN+3 Bond Market Guide is a series published by the ASEAN+3 Bond Market Forum in collaboration with ADB as its secretariat. Each country-specific guide provides information on the investment climate, rules, laws, opportunities, and characteristics of the local bond market. The guides are produced in close consultation with local policymakers and market players.

Bond Market Guides

The Bond Market in Republic of Korea

Issue: May 2024

This edition of the ASEAN+3 Bond Market Guide series focuses on updates in the Republic of Korea's bond market since the publication of the previous guide in 2018. The series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of domestic bond markets in ASEAN+3. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and encourage greater participation in the region’s rapidly developing bond markets.


The Bond Market in Thailand

Issue: December 2021

The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issues, investors, and financial intermediaries understand the local context and encourage greater participation in the region’s rapidly developing bond markets. This edition focuses on updates in the bond market in Thailand since the publication of the ASEAN+3 Bond Market Guide for Thailand in 2016.


The Bond Market in Indonesia

Issue: December 2021

The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issues, investors, and financial intermediaries understand the local context and encourage greater participation in the region’s rapidly developing bond markets. This edition focuses on updates in the bond market in Indonesia since the publication of the ASEAN+3 Bond Market Guide for Indonesia in 2017.


The Bond Market in Hong Kong, China

Issue: September 2020

This report provides updates on the bond market in Hong Kong, China since the publication of the ASEAN+ Bond Market Guide 2016: Hong Kong, China. It also highlights those changes and developments that have a connection to the bond market of the People's Republic of China. The ASEAN+3 Bond Market Guide series provides member-specific information on the investment climate, rules, laws, opportunities, and characteristics of local bond markets in Asia and the Pacific. It aims to help bond market issuers, investors, and financial intermediaries understand the local context and to encourage greater participation in the region's rapidly developing bond markets.


The Inter-Bank Bond Market in the People's Republic of China

Issue: August 2020

Published by the ASEAN+3 Bond Market Forum in collaboration with the Asian Development Bank as its secretariat, this edition focuses on the China Inter-Bank Bond Market (CIBM), which is the largest bond market segment in the People's Republic of China. The CIBM is one of only two bond markets in the country that are accessible to foreign investment; the other being the Exchange Bond Market. The legal and regulatory frameworks, features, challenges, and opportunities for the CIBM are discussed in this publication.


Exchange Bond Market in the People's Republic of China

Issue: October 2019

Published by the ASEAN+3 Bond Market Forum (ABMF) in collaboration with the ADB as its secretariat, the two-volume guide contains detailed information on bond market infrastructure; transaction flows, including information on matching, settlement cycles, and numbering; and the regulatory framework and market practices in the Peoples's Republic of China (PRC).


Viet Nam

Issue: October 2018

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Viet Nam is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Viet Nam.


Republic of Korea

Issue: May 2018

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The ASEAN+3 Bond Market Guide 2018 Republic of Korea is an outcome of the strong support and kind contributions of ASEAN+3 Bond Market Forum members and experts, particularly from the Republic of Korea.


Cambodia

Issue: February 2018

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Cambodia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Cambodia.


Myanmar

Issue: February 2018

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Myanmar is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Myanmar.


Lao People's Democratic Republic

Issue: October 2017

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Lao People's Democratic Republic is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Lao People's Democratic Republic.


Philippines

Issue: October 2017

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Philippines is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Philippines.


Brunei Darussalam

Issue: October 2017

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Brunei Darussalam is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Brunei Darussalam.


Indonesia

Issue: August 2017

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Indonesia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Indonesia.


Hong Kong, China

Issue: November 2016

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Hong Kong, China is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Hong Kong, China.


Japan

Issue: October 2016

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Japan is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Japan.


Malaysia

Issue: October 2016

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Malaysia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Malaysia.


Singapore

Issue: October 2016

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Singapore is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Singapore.


Thailand

Issue: October 2016

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region's bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Thailand is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Thailand.


ASEAN+3 Bond Market Guide

Issue: January 2012

The ASEAN+3 Bond Market Guide is a comprehensive report on bond market in the ASEAN+3 region. It is a product of the collaborative efforts of ASEAN+3 Bond Market Forum (ABMF) members and is the first bond market guide endorsed by ASEAN+3.



Harmonization and Standardization of Bond Market Infrastructures in ASEAN+3

Issue: May 2015

This report is an outcome of Phase 3 discussions under the ASEAN+3 Bond Market Forum Sub-Forum 2, which have focused on making bond market infrastructures in the region more inter-operable through the harmonization of transaction flows, standardization of messaging items, and implementation of international standards.


ASEAN+3 Information on Transaction Flows and Settlement Infrastructures

Issue: June 2014

This report is an outcome of Phase 3 discussions under the ASEAN+3 Bond Market Forum Sub-Forum 2, which have focused on making bond market infrastructures in the region more inter-operable through the harmonization of transaction flows, standardization of messaging items, and implementation of international standards.

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ABMI Harmonization of Bond Standards Report

Issue: September 2010

This report intends to show a first step to move towards the harmonization. The report proposes a dual approach towards regional harmonization of bond markets: one is a gradual and bottom-up approach focusing on the onshore secondary market, which is suitable for government bonds because local currency markets in the region have their own specific regulations and practices; and the other is a holistic and top-down approach focusing on the offshore wholesale primary corporate bond market limited to professionals.


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