... 1990. A number of impediments can be identified, namely the unfavorable tax treatments for corporate bonds, deficiencies in the benchmark yield curve and debt issuance and listing framework, narrow investor base, restrictive credit rating requirement and low secondary market liquidity. The continuous surplus of the Hong Kong Government also made it unnecessary to issue government bonds. Hong Kong debt market has only ... HKMC is expected to continue promoting the local debt market and infrastructure. Current market conditions also appear particularly conducive to attracting retail inter...

• Word Count: 1707
• Approx Pages: 7
• Grade Level: Undergraduate