The development of the Hong Kong debt market: a post-crisis analysis.

by Ko Wai Cheung Stephen.Thesis (M.B.A.)--Chinese University of Hong Kong, 1999.Includes bibliographical references (leaves 59-63).ABSTRACT --- p.iiiTABLE OF CONTENTS --- p.ivLIST OF ABBREVIATIONS --- p.viLIST OF TABLES --- p.viiACKNOWLEDGEMENTS --- p.viiiChapterChapter I. --- INTRODUCTION --- p.1Chapter II. --- METHODOLOGY --- p.8Chapter III. --- HISTORY AND DEVELOPMENT OF DEBT MARKET --- p.10Early history of debt instruments --- p.10Development in the 80s --- p.11Recent development --- p.12Primary issues --- p.13Market infrastructure and trading systems --- p.17Chapter IV. --- RECENT INNOVATIONS AND HKMA'S EFFORTS --- p.24Establishment of the Hong Kong Mortgage Corporation --- p.25The role of Mandatory Provident Fund --- p.29Chapter V. --- REGIONAL FORCES AND THREATS --- p.32Syndication loan and credit crunch in the region --- p.32The inadequacy of IMF rescue package --- p.35Guarantee to distressed nations --- p.40A market solution --- p.41Emergence of Regional rivalry --- p.44Chapter VI. --- PROSPECTIVE DEVELOPMENT --- p.47H-bond market --- p.47Listing of EFN and other quasi-government issues --- p.50Trend of securitisation --- p.51Chapter VII. --- CONCLUSION --- p.55BIBILOGRAPHY --- p.5