by Lai Tai-Hon Sammy, Sieh Shing-Chun. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 68-70). / ABSTRACT --- p.iii / TABLE OF CONTENTS --- p.iv / LIST OF ABBREVIATIONS --- p.vi / LIST OF FIGURES AND TABLES --- p.vii / ACKNOWLEDGEMENTS --- p.viii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Background --- p.1 / Objective --- p.1 / Methodology --- p.2 / Chapter II. --- HISTORY OF THE BOND MARKET IN CHINA --- p.4 / History of the Government's Debt Issuance --- p.4 / Reasons for the Rapidly Increasing Debt Outstanding --- p.6 / Recent Development of the Bond Market in China --- p.7 / Chapter III. --- THE ROLES OF BOND MARKET IN CHINA'S ECONOMY --- p.10 / The Importance of Government Securities Market for China's Development --- p.10 / Fiscal Management --- p.11 / Bond Financing of Real Sector Investment --- p.12 / Chapter IV. --- TYPES OF DEBT SECURITIES IN CHINA --- p.14 / Government Bonds --- p.14 / Treasury Bonds --- p.14 / Fiscal Bonds --- p.16 / State Construction Bonds --- p.16 / Key State Construction Bonds --- p.17 / Special Government Bonds --- p.17 / Indexed Bonds --- p.17 / National Investment Bonds --- p.18 / State Investment Corporation Bonds --- p.18 / Key Enterprise Bonds --- p.18 / Capital Construction Bonds --- p.19 / Financial Institution Bonds --- p.19 / Corporate Bonds --- p.20 / Chapter V. --- THE DOMESTIC BOND MARKET --- p.22 / Primary Market --- p.22 / Issuers --- p.22 / Issue Procedure of Government Bonds --- p.22 / Issue Procedure of Non-Government Bonds --- p.25 / Issue Characteristics --- p.26 / Interest Rate Subsidy --- p.28 / Credit Rating Agencies --- p.29 / Secondary Market --- p.30 / Development of Spot Market --- p.30 / Development of Futures and Repurchase Markets --- p.32 / Trading Centres --- p.33 / Trading Volume and Liquidity --- p.35 / Causes of Lack of Liquidity --- p.36 / Chapter VI. --- THE INTERNATIONAL BOND MARKET --- p.40 / Foreign Participation in China's Domestic Bond Market --- p.40 / China's Overseas Bond Issues --- p.41 / History --- p.41 / Convertible Bonds and Bond Derivatives --- p.43 / Issues Procedures --- p.43 / Possible Problems with the Issues Procedures --- p.44 / China's International Bond Issuers --- p.44 / Trend of International Issuance --- p.45 / Choices of Markets for Issuance --- p.47 / Chapter VII. --- DEBT MANAGEMENT OF CHINA --- p.48 / Causes of the Mexico Crisis in 1995 --- p.48 / An Analysis of the China's Current Situation --- p.49 / Compositions of Foreign Capital Flow into the Country --- p.49 / Political Risk --- p.49 / Current Account Balance --- p.50 / Foreign Reserves and Short-Term Liabilities --- p.50 / Foreign Debt --- p.52 / Conclusion: The Possibility of Financial Crisis in China --- p.53 / Chapter VIII. --- RECOMMENDATIONS FOR FOREIGN INVESTORS --- p.55 / Risk of Default --- p.55 / Credibility --- p.55 / Macroeconomics Situation --- p.56 / Credit Rating --- p.57 / Rate of Return --- p.58 / Conclusion --- p.59 / Chapter IX. --- APPENDIX --- p.61 / Chapter X. --- BIBLIOGRAPHY --- p.68
| Identifer | oai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320744 |
| Date | January 1996 |
| Contributors | Lai, Tai-Hon Sammy., Sieh, Shing-Chun., Chinese University of Hong Kong Graduate School. Division of Business Administration. |
| Publisher | Chinese University of Hong Kong |
| Source Sets | The Chinese University of Hong Kong |
| Language | English |
| Detected Language | English |
| Type | Text, bibliography |
| Format | print, viii, 70 leaves : ill. ; 30 cm. |
| Coverage | China, China |
| Rights | Use of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/) |
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