중국 채권시장의 개방에 따른 우리나라의 대응전략

서지정보

ㆍ발행기관 : 한국중국문화학회 ㆍ수록지정보 : 중국학논총
ㆍ저자명 : 具基輔

목차

1. 서론
2. 선행연구 및 연구의 차별성
3. 중국 채권시장의 성장과 특징
4. 한국계 기업의 위안화 채권 발행 사례
5. 결론 및 시사점

한국어 초록

This paper is related to the Chines bond market and the main contents are
as follows:
The paper explained characteristics of the Chinese bond market that is on
the rapid increase and deduced the implications for Korean-capital companies
that want to issue bonds in China by analyzing the case of E-land China
Ltd that succeeded in issuing bonds in China.
The rate of a national bond was absolutely high and corporate bond was
very depressed in the Chinese bond market. But since the Chinese
government began to reduce new national bonds, the scale of new corporate
bond has surpassed that of national bond from 2007.
E-land China Ltd's bond issue has some significant implications: First,
Korean-capital companies came to have opportunities to access cheap capital
on the Chinese bond market. Since then, they have paid relatively high bank
loan rates compared with bond rates. Second, Korean-capital companies came
to have another financing route. Third, Korean investment bank came to have
new profit-creating model by underwriting corporate bonds of Korean-capital
companies in China. Finally, investment banks between Korea and China has
enhanced the level of their cooperation with yuan bond issues.

영어 초록

This paper is related to the Chines bond market and the main contents areas follows:The paper explained characteristics of the Chinese bond market that is onthe rapid increase and deduced the implications for Korean-capital companiesthat want to issue bonds in China by analyzing the case of E-land ChinaLtd that succeeded in issuing bonds in China.The rate of a national bond was absolutely high and corporate bond wasvery depressed in the Chinese bond market. But since the Chinesegovernment began to reduce new national bonds, the scale of new corporatebond has surpassed that of national bond from 2007.E-land China Ltd's bond issue has some significant implications: First,Korean-capital companies came to have opportunities to access cheap capitalon the Chinese bond market. Since then, they have paid relatively high bankloan rates compared with bond rates. Second, Korean-capital companies cameto have another financing route. Third, Korean investment bank came to havenew profit-creating model by underwriting corporate bonds of Korean-capitalcompanies in China. Finally, investment banks between Korea and China hasenhanced the level of their cooperation with yuan bond issues.

참고 자료

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