一、引言与美欧相比,总体上看,东亚国家或地区的债券市场发展滞后,规模较小,结构上偏重发展政府债券市场,公司债券市场发展迟缓,债券市场没有发挥为公司融资的基本功能。但也有一些比较成功的案例,马来西亚的公司债券市场就是一个值得关注的例子。 I. INTRODUCTION Compared with the United States and Europe, the bond markets in East Asian countries lag behind with small scale and are structurally focused on the development of the government bond market. The development of the corporate bond market is sluggish. The bond market has not played a basic role in corporate finance Features. But there are some more successful cases, Malaysia’s corporate bond market is a noteworthy example.