论文部分内容阅读
香港资本市场的非均衡问题主要表现在债券市场的欠发达,而债券作为一种固定收益和低风险的产品,其作为储备资产的作用更为明显,发展债券市场对增强香港地区金融体系稳定性非常重要。从另一方面而言,也有利于促进香港债券市场的发展及提升其在国际债券市场上地位。虽然香港作为国际金融中心之一,银行体系十分发达,但债券市场规模有限,在国际上的优势并不明显,且其狭小的债券市场已经制约着其金融市场的进一步扩大。通过与大陆的合作,不仅可以吸引更多的大陆投资者,而且可
The imbalance problem in Hong Kong’s capital market is mainly manifested in the underdeveloped bond market. As a fixed-income and low-risk product, bonds play a more significant role as reserve assets. The development of the bond market is not conducive to enhancing the stability of Hong Kong’s financial system Very important. On the other hand, it is also conducive to promoting the development of the Hong Kong bond market and enhancing its position in the international bond market. Although Hong Kong, as one of the international financial centers, has a well-developed banking system, the bond market is limited in size and international advantages are not obvious. Its narrow bond market has constrained the further expansion of its financial markets. Through cooperation with the mainland, it will not only attract more mainland investors, but also