Downloads

https://doi.org/10.62836/emi.v3i4.226
Chen, X. (2024). China-ASEAN Regional Bond Market Cooperation: Present Situation, Opportunity, and Strategy Choice. Economics & Management Information, 1–14. https://doi.org/10.62836/emi.v3i4.226
Volume 3, Issue 4, December 2024
Copyright (c) 2024 Xiuzhen Chen
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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.

regional bonds; China-ASEAN; cooperation; strategies

References

  1. Xu CW. The Development of Economic and Trade Relations between China and ASEAN. Asia and Africa 2000; (01): 33–36.
  2. Yang PP, Xu QY. Future-Oriented Financial Cooperation between China and ASEAN. China Finance 2023; (08): 44–46.
  3. Zhang JH. A Study of Trade and Investment Relations between China and ASEAN. Thought Front 2000; (05): 73–77.
  4. Liu B. Research on Financial Cooperation in China-ASEAN Free Trade Area. Master’s Thesis, Hainan University, Haikou, China, 2012.
  5. Zhou SF. Countermeasures for Accelerating the Economic and Trade Development between China and ASEAN. Journal of Guangdong Business School 2000; (03): 37–41.
  6. Chen JB, Hu LQ. China-ASEAN Regional Financial Cooperation Process and Prospects. Cooperative Economics and Technology 2012; (08): 50–51.
  7. Zhang LM, Zhao CW, Jiang XH, et al. Hand in Hand to Cope with the Crisis and Share the Development Opportunities—The Revelation of China-ASEAN Economic and Financial Cooperation in the 25 Years of the Asian Financial Crisis and the Important Direction for the Future. Management World 2023; (01): 1–14+40+15.
  8. Shimizu S. The Development of Asian Bond Markets Since the Global Financial Crisis—Significance and Challenges. Pacific Business and Industries 2010; 10(38): 1–36.
  9. Rughoo A, You K. Asian Financial Integration: Global or regional? Evidence from Money and Bond Markets. International Review of Financial Analysis 2016; 48: 419–434.
  10. Peng F, Zhu Jl. Status Quo, Problems, and Suggestions of China’s Bond Market Opening Up to the Outside World. Modern Management Science 2018; (05): 21–23.
  11. He P, Zhong H, Wang D. An Empirical Study on the Choice of International Bond Denomination Currency and the Use of RMB. International Financial Studies 2017; (06): 75–84.
  12. Le PG. The Latest Progress of China’s Bond Market Liberalization, Dilemmas Faced, and Policy Suggestions. China Money Market 2016; (03): 19–25.

Supporting Agencies

  1. 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).