The competition for market share in the Asian local currency bond markets has intensified this year, according to the 13th annual survey of institutional investors across nine Asian markets conducted by Asset Benchmark Research.
Standard Chartered Bank scored the most points in aggregate across all markets for the 7th consecutive year; HSBC was runner up. Standard Chartered was named the top for corporate bonds in the Philippines and Singapore. “Standard Chartered has moved up from tier two to tier one this year for corporate bonds. This is due to their better inventory and pricing,” one respondent from Singapore said. Standard Chartered also upheld a strong position in government bonds and was ranked first in the Indian and Singaporean markets.
The 2013 Asian Currency Bond Benchmark Review interviewed 304 institutions in nine local currency bond markets: China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan and Thailand. The comprehensive review includes market share estimates, measures of client satisfaction and the best individuals in sales, trading and research. This year, institutions taking part in the survey represent an aggregated US$624 billion of assets managed, and a secondary market turnover equivalent to US$437 billion.
To view the rankings for the most Astute Investors and the Best Individuals in Asian Currency Bonds, please click into the links below:
2013 Most Astute Investors in Asian Currency Bonds
2013 Best Individuals in Asian Currency Bonds
Top banks in the secondary market
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Market
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Government bonds
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Corporate bonds
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China
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ICBC
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ICBC
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Hong Kong
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HSBC
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HSBC
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India
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Standard Chartered
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Axis Bank
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Indonesia
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Deutsche Bank
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Mandiri Sekuritas
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Malaysia
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Citi
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CIMB
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Philippines
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Deutsche Bank
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Standard Chartered
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Singapore
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Standard Chartered
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Standard Chartered
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Taiwan
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KGI Securities
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KGI Securities
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Thailand
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Kasikorn Bank
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Kasikorn Bank
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Top bank arrangers
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Market
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Quality and number of primary government bond deals
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Quality and number of primary corporate bond deals
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China
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n/a
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n/a
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Hong Kong
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HSBC
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HSBC
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India
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Standard Chartered
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Axis Bank
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Indonesia
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Deutsche Bank
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Mandiri Sekuritas
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Malaysia
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CIMB
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CIMB
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Philippines
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Deutsche Bank
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First Metro Investment Corp
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Singapore
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HSBC
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DBS
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Taiwan
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KGI Securities
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Yuanta Securities
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Thailand
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Standard Chartered
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Kasikorn Bank
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