by Tse Kwok-fai, Sammy, Wong Kin-fai, Kelvin. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaf 46). / TABLE OF CONTENTS --- p.i / LIST OF TABLES / FIGURES --- p.ii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- MARKET STRUCTURE --- p.4 / Chapter III. --- PRODUCT TYPES --- p.11 / Chapter IV. --- BASIC ELEMENTS AFFECTING BONDS PRICING --- p.18 / Chapter V. --- BONDS PRICING MODELS --- p.25 / Chapter VI. --- FACTORS LIMITING BONDS MARKET GROWTH --- p.34 / Chapter VII. --- PROSPECTS --- p.40 / Chapter VIII. --- CONCLUSION --- p.43 / BIBLIOGRAPHY --- p.46

by Chan Hoi-ying. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1995. / Includes bibliographical references (leaves 44-45). / ABSTRACT --- p.iii / TABLE OF CONTENTS --- p.iv / LIST OF ILLUSTRATIONS --- p.vi / LIST OF TABLES --- p.vii / ACKNOWLEDGMENTS --- p.viii / CHAPTER / Chapter I. --- INTRODUCTION --- p.1 / Scope of Study --- p.2 / Approach of Study --- p.3 / Chapter II. --- DEVELOPMENT OF CORPORATE BONDS IN HONG KONG --- p.4 / The History of Hong Kong Bond Market --- p.4 / The Reasons for Low Bond Activity Before 1991 --- p.6 / The Growth of the Bond Market after 1991 --- p.6 / The Exchange Fund Bills and Notes --- p.7 / The Liquidity Adjustment Facility --- p.8 / The Central Moneymarket Unit --- p.9 / The Rise of Corporate Issuers and Investors --- p.10 / Chapter III. --- TYPES OF CORPORATE BONDS --- p.14 / Eurobonds --- p.14 / Euroconvertible Bonds --- p.16 / Yankee Bonds --- p.18 / Hong Kong Dollar Bonds --- p.21 / Chapter IV. --- DIFFERENT WAYS TO VALUE CORPORATE BONDS --- p.25 / Theoretical Pricing of Bonds Using Option Pricing Model --- p.25 / Black and Scholes Option Pricing Model --- p.26 / Using Black and Scholes Model for Pricing Corporate Bonds --- p.27 / Using Black and Scholes Model for Pricing Convertible Bonds --- p.29 / Pricing of Corporate Bonds in Practice --- p.32 / Credit Rating --- p.32 / Yield --- p.34 / Supply and Demand --- p.35 / Market Sentiments --- p.35 / Conclusion --- p.36 / Chapter V. --- WHEN TO ISSUE EACH TYPE OF BOND --- p.37 / Eurobonds --- p.37 / Euroconvertible Bond --- p.38 / Yankee Bonds --- p.39 / Hong Kong Dollar Bonds --- p.39 / Chapter VI. --- FUTURE OF CORPORATE BONDS --- p.41 / Further Development of the Hong Kong Dollar Bonds --- p.41 / Prospects for Corporate Bonds in Overseas Bond Market --- p.42 / BIBLIOGRAPHY --- p.44