Michel Lowy at CEO Forum on Asian fixed income market
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KEY DRIVERS BEHIND ASIA’S INSTITUTIONAL CAPITAL FLOWS
Why Bother with Asia Fixed Income?
- Market cap of Asian Equity Markets – Over USD 20 trillion
- Asian Equities are 2x European Equities
- Asian Public Bond Market – Above USD 1 trillion
Asian Fixed Income Markets
China Local Bond Market Opportunities
Emergence of Asian Loan Markets
Current State of the Asian Fixed Income Market
- USD Syndicated Loan Market – Growing and Opening Up
- Huge Chinese Local Market Opening Up
- Growing USD Bond Market
Challenges
- Creditor Rights
- Accounting Standards
- Liquidity and Depth of Market
- Diversification Outside China
- Offshore Regulatory Obstacles