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China-ASEAN Regional Bond Market Cooperation: Present Situation, Opportunity, and Strategy Choice
A report from the 20th National Congress of the Communist Party of China underscored the necessity of maintaining the trajectory of reforming the socialist market economy and enhancing global openness. Strengthening cooperation in the China-ASEAN regional bond market and advancing high-level bond market liberalization are essential in establishing financial prowess. This paper reviews and summarizes the China-ASEAN regional bond market development within the context of international cooperation initiatives like the Belt and Road Initiative and the Regional Comprehensive Economic Partnership Agreement (RCEP). It analyzes the current state of international bond markets and local currency bond markets in ASEAN nations, systematically examines the opportunities, challenges, and risks associated with the development of the China–ASEAN regional bond market, and offers strategic recommendations for bond market collaboration based on the financial cooperation realities among these countries. The report provides significant insights for enhancing the Belt and Road Initiative and China-ASEAN financial collaboration within the RCEP framework, fostering regional economic integration and strengthening bond market cooperation and development between China and ASEAN nations.
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Supporting Agencies
- Funding: 2024 Guangxi Innovation and Entrepreneurship Training Program for Undergraduates “China-ASEAN Regional Bond Market Cooperation: Current Situation, Opportunities and Strategic Options” (Project No. S202411548123).