Melbourne APEC Finance Centre



At their meeting in Hanoi on 7 September 2006, APEC Finance Ministers welcomed ABAC’s (APEC Business Advisory Council) offer to facilitate in-depth discussions with individual economies focused on how the public and private sectors can collaborate to develop their respective bond markets (with special attention on corporate bond markets).

ABAC proposed to coordinate, with the APEC Finance Ministers’ process, a series of one-day sessions, each focused on 3 or 4 developing economies’ bond markets.

The first of these sessions recently took place on the margin of the Second Senior Finance Officials Meeting (SFOM) held in Melbourne (9-11th May 2007). The central objective was a dialogue between interested economies and market players aimed at identifying aspects in the policy and regulatory areas which could be addressed by authorities to enhance the environment for corporate bond issuance.

The dialogues were also aimed to identify capacity building initiatives which might include public/private partnerships to build the environment conducive to corporate bond issuance.

MAFC assisted with sponsoring regulators from Vietnam, Phiippines and Indonesia attend the dialogue.

MAFC also hosted a recepetion for Forum delegates and the Minster for Industry and State Development, Major Projects and Small Business, the Hon Theo Theophanous MLC presided over ceremonies.

Presentations from the Forum are made available below through the kind permission of ABAC and the Treasury.

Capacity-building for the development of bond markets: Update on current regional cooperation efforts
Ms Lotte Schou-Zibell, Economist, Office of Regional Economic Integration, Asian Development Bank

Overview of emerging corporate bond markets in East Asia
Mr Vivek Goyal, Managing Director and Head, Business Development Asia, Fitch Ratings Singapore Pte Ltd

The role of the private sector in bond market development: Insights from the work of ABAC and PECC
Dr Julius Caesar Parreñas, Senior Advisor to the Chairman, Chinatrust Financial Holding Co Ltd

The Indonesian bond market
Mr Arif Baharudin, Head of Securities Transaction and Institution Bureau, Capital Market and Financial Institution Supervisory Agency, Ministry of Finance, Indonesia

The Vietnamese bond market
Mr Nguyen Hoang Duong, Deputy Director, Department of Banking and Finance Institutions, Ministry of Finance, Vietnam


Photography by Laki Sideris