1. Developing Corporate Bond Market Shanghai – 27 September 2007

2. Developed Government Bond Market
Benchmark Government Bond Yield Curve
Liquid and transparent pricing
Readily accessible prices – Newspaper, Reuters , Bloomberg, Internet
Extend Maturity : China 30yrs; India 30yrs; Singapore 20yrs ; Korea 20yrs ; Thailand 20yrs; Malaysia 20yrs; HK 15yrs
Primary Dealers to maintain daily 2 way prices to encourage a robust secondary market

3. Corporate Bonds
Should price as a spread of the Government Bond curve- to allow investors to value the credit risk of a corporate bond by isolating the interest rate risk
Well Established Rating Agency – provide a grid matrix with spreads published daily/weekly as a guide for investors and borrowers
Third Party Vendor to provide actual daily/weekly corporate bond prices – create transparency to the investor
Investors - Buy and Hold mentality, should encourage secondary trading
Standardized Pricing – Corporate bond traders internationally use Bloomberg as the standard pricing tool. Most international bonds are published on Bloomberg.
Future Product Development – Credit Derivative to allow hedging of Credit Risk

4. 10yr Benchmark Govt Bond Prices – Source Bloomberg