asifma_中国国债市场发展路线图.pdfVIP

China Government Bond Market Roadmap 中国国债市场发展路线图 April 2014 ASIFMA is an independent, regional trade association with over 60 member firms comprising a diverse range of leading financial institutions from both the buy and sell side including banks, asset managers, law firms and market infrastructure service providers. Together, we harness the shared interests of the financial industry to promote the development of liquid, deep and broad capital markets in Asia. ASIFMA advocates stable, innovative and competitive Asian capital markets that are necessary to support the region’s economic growth. We drive consensus, advocate solutions and effect change around key issues through the collective strength and clarity of one industry voice. Our many initiatives include consultations with regulators and exchanges, development of uniform industry standards, advocacy for enhanced markets through policy papers, and lowering the cost of doing business in the region. Through the GFMA alliance with SIFMA in the US and AFME in Europe, ASIFMA also provides insights on global best practices and standards to benefit the region. 亚洲证券业与金融市场协会 (ASIFMA)是一个地区性的独立倡导团体，拥有包括国际及地 区性银行、资产管理公司与律师事务所、市场平台以及清结算服务提供者等 60 多个包括 买方与卖方的金融机构会员。协会与会员在金融市场的共同利益中配合以拓展亚洲资本 市场的流动，深入，及广阔的发展 。ASIFMA 倡导稳定，创新，有竞争性的亚洲资本市 场，以全力支持区域的经济发展。我们致力于达成一致意见，找出解决方法，实现有效 的改变，并对于关键事项达到全行业的统一声音 。我们关注的区域包括监管机构及交易 所的咨询，发展及统一行业标准，通过发表政策论文以倡导更深入的市场发展，以及降 低亚太区域进行金融交易的费用。 通过全球金融市场协会(GFMA)的协调，与位于欧洲的 金融市场协会以及位于美国的证券业与金融市场协会一起提供全球最佳实施及行业标准 去致利于区域发展 。 Page 1 of 24 1. 引言 中国经济正处于重要的十字路口。通过将出 和私人领域提供多样性的融资机会 ，代替银 口导向型经济增长提高到战略重点地位，中 行贷款 ，而国债市场往往还会为其他发行人 国成功地以劳动密集型制造业和集中的国内 创