亚洲债券基金的推出背景、影响及发展方向

以银行信贷为主的金融体系使东亚地区面临两大问题,即巨大的金融风险和盈余资金利用效率低下,这也是亚洲金融危机中有关各方脆弱表现的直接原因。为了解决这两个问题或缓解其造成的危害,东亚各国(地区)纷纷提出方案,亚洲债券基金(ABF)作为一个阶段性成果,目前已经推出两期,分别为ABF1和ABF2。虽然亚洲债券基金在推动亚洲债券市场发展方面有一定的积极影响,但是其局限性也很明显,未来的发展方向主要是投资对象和投资主体的多元化。

The Background, Influences and Development Direction of Asian Bond Funds

Because of the financial system which is concentrated on bank credit,East Asia faces two big problems which are huge financial risk and low efficient surplus using.It is the direct reason why the East Asia performed weakly in the Asian Financial Crisis.In order to settle these two problems or release their harm,all of the East Asian countries and regions brought constructive plans.As a period achievement,Asian Bond Funds(ABF) which includes ABF1 and ABF2 has been issued.Although ABF acts positively in the development of Asian bond market,its limitation is obvious.The main development trend of ABF will be the diversity of investment objects and investors.