The ranking of the top banks in the secondary market is determined by the market share that banks capture for corporate and government bonds in the annual in the Asian Currency Bond Benchmark Review. The market share is calculated from a detailed questionnaire completed by the leading institutional investors.

As part of the Asian Currency Bond Benchmark Review, investors are asked to nominate the top three arrangers in terms of the quality and number of corporate and/or government primary issues in the markets in which they are active.

The Asian Local Currency Bond Benchmark Review 2020 surveyed 336 institutional fixed income investors who are active in 10 Asian currency bond markets: China (CNY and CNH), Hong Kong, Indonesia, India, Malaysia, Philippines, Singapore, Taiwan and Thailand.

Survey participants included asset managers, banks, and insurance companies from both domestic and international institutions. Of the 336 respondents, 113 were offshore regional institutions active in more than one Asian local currency bond market.

Respondents were asked to rate the best banks or securities companies across a series of buying criteria and identify their trading counterparties in the secondary market. The banks are ranked in each market according to their wallet share; the names of the top three are published. Additionally, investors nominated the best banks/securities houses as arrangers in the corporate and government primary markets in terms of the quantity and quality of the issues.

The awardees of the top banks and arrangers in Asian Currency Bonds 2020 will be honoured at a gala dinner.

More details of the analysis in each market are provided on a subscription basis. Please contact research@theasset.com for more information.