亚洲开发银行（ADB）：2025亚洲债券监测报告（9月版）（英文版）（68页）.pdf

1、ASIA BOND MONITORSEPTEMBER 2025ASIAN DEVELOPMENT BANK6 ADB Avenue,Mandaluyong City1550 Metro Manila,Philippineswww.adb.orgAsia Bond Monitor September 2025This publication reviews recent developments in emerging East Asian local currency bond markets along with the outlook,risks,and policy options.It

2、 covers the 10 members of the Association of Southeast Asian Nations and the Peoples Republic of China;Hong Kong,China;and the Republic of Korea.About the Asian Development BankADB is a leading multilateral development bank supporting inclusive,resilient,and sustainable growth across Asia and the Pa

3、cific.Working with its members and partners to solve complex challenges together,ADB harnesses innovative financial tools and strategic partnerships to transform lives,build quality infrastructure,and safeguard our planet.Founded in 1966,ADB is owned by 69 members50 from the region.JFPRJapan Fund fo

4、r Prosperous and Resilient Asia and the Pacific Fromthe People of JapanASIAN DEVELOPMENT BANKThe Asia Bond Monitor(ABM)is part of the Asian Bond Markets Initiative,an ASEAN+3 initiative supported by the Asian Development Bank(ADB).This report is part of the implementation of a technical assistance p

5、roject funded by the Japan Fund for Prosperous and Resilient Asia and the Pacific of the Government of Japan.This edition of the ABM was prepared by a team from ADBs Economic Research and Development Impact Department headed by Albert Park,chief economist and director general,and supervised by Abdul

6、 Abiad,deputy chief economist and officer-in-charge of the Macroeconomics Research Division.The production of the ABM was led by Shu Tian and Donghyun Park.It was supported by Henry Ma and the AsianBondsOnline team comprising Angelica Andrea Cruz,Debbie Gundaya,Jeremy Grace Ilustrisimo,Russ Jason Lo