| Abstract | The basic factors that would allow the local debt market to expand rapidly are largely in place. The introduction of the Mandatory Provident Fund (MPF) schemes, the region's financing needs for infrastructure projects, the H-bond market and the proposed formation of a mortgage corporation will all play a part in underlining the demand for and supply of debt instruments in the local market over the coming decade. While recognising that difficulties exist, the emergence of these factors will encourage the further development of Hong Kong's debt market. Although it will be several years before a mature debt market can emerge, the potential is excellent. |
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