Cambodia’s corporate bond market continues to develop, supported by a strengthened regulatory framework, functioning market infrastructure, and a growing track record of corporate bond issuances. While still relatively small, the market has gradually diversified through guaranteed and sustainability-related bonds. Continued efforts to broaden the issuer and investor bases, encourage repeat issuance, and improve secondary-market liquidity are expected to support further growth and development of Cambodia’s corporate bond market.

Japan’s corporate bond market strategy is to balance its strong international positioning with domestic potential. Over the past few years, the market continues to demonstrate significant growth opportunities, supported by recent financial initiatives. These efforts are expected to spur stronger growth in the yen-denominated corporate bond market. A key focus is the active integration of Japan’s substantial domestic savings into the corporate bond market as part of broadening the investor base.

One of the largest economic and financial markets in ASEAN+3, Korea now has a strong corporate bond market. Some of the critical factors contributing to its strength are the set of effective policy changes and robust participation of the domestic players. Korea’s corporate bond market is largely domestic, led by the investments of the financial sector. In the same way, financial sector companies dominate the issuance of corporate bonds in the country. Moving forward, Korea aims to build and strengthen its sustainable bond market.

This research report shows the unique characteristics of the ASEAN+3 corporate bond market, particularly on the trends in corporate bond issuances and investor groups. This shows the overall developmental stages of each corporate bond market in the region, as well as several updates on the changes in the relevant regulations for corporate bonds. In addition, this research touches on the thematic bonds in ASEAN+3.

Hong Kong, China is a renowned financial market in ASEAN+3. This research aims to show two sides of the corporate bond market of Hong Kong, China. First, this shows the specific on the characteristics of the local currency corporate bond market of Hong Kong, China. Second, this research highlights the position of Hong Kong, China for cross border bonds in ASEAN+3. Similar with the other countries in the region, Hong Kong, China is keen on welcoming sustainable bonds in its corporate bond market.