98% of the [South Korea Seo Hye Rin nine financial newspaper reporter] "Domestic SME financing has structural problems that have to rely on indirect financing adds to the instability of funding. As it experienced when the financial crisis in 2008, when the credit crunch is coming, even superior SMEs are faced with insolvency crisis'
29 days a lecture on foreign bond investment strategy and enable SME financing scheme was unfolding in the Korea Financial Investment Association organized a forum bonds.
Senior Research Fellow at the Institute of Small Spiral-digit Kim Gwanghui panel will then comment on the funding instability of local SMEs took out a solution.
According to Kim, researcher of that SME bond markets through the work, and the platform to build such a synthetic CDO (synthetic CDO) to formalize the "type of underlying asset and standards, pooling, etc. to promote the expansion of small businesses dedicated P-CDO term activation it is the need to 'is described.
The share of SMEs in the corporate bond market is negligible.
Capital Market Institute gimpilgyu Trends chief of the "domestic corporate bond market has been performing the functions of a one trillion months stable of large long-term capital market, said," In the corporate bond portion of the debt is there conglomerates accounted for 30.5%, while SMEs 2.7% and only records the share of SMEs in the corporate bond market is less than 2%, he explained.
On the other hand, the medium-sized companies with low credit ratings as the collapse of a bank business loan to strengthen the influence of the United States and Europe, prudential regulation are showing a tendency to increase in the Ko Suik debt, while expanding the corporate bond issuance.
He Hedge Funds introduced to professionally invest in "Ko Suik bonds in order to enable the financing of the SME bond markets, by improving the information system for corporate bonds should increase the confidence of investors and mezzanine bonds, warranty bonds, mortgage bonds, Primary measures to enable the CDO market should also be reviewed, it said, "in addition, should foster a securities company which is responsible for the acquisition and distribution of credit risk in the medium-sized companies, and advised.
Published on the subject of "International Bond Market Situation and Strategy 'was also conducted. High-yield corporate bonds, emerging markets bonds is information that is promising.
NH Investment & Securities Research Center renewal kinds Team (Global Credit team) is as' foreign bond investment which recorded an excellent performance last year, increasing the overall burden has 2017 due to a major inflation and interest rates rise issue, but expect a gradual rise in global interest rates higher interest rates can expect to see a good return on mainly corporate bonds, he said.
Also, he 'dollar bond market economy under recovery and significant impact on inflation movements in accordance with government policy, specified due to changes in major international political economy changes, whether easing of policy uncertainty due to the political turmoil of the major economies this year, "said," deemed to influence interest rates rising rate this macro recovery is slower investments in emerging markets, which is a market-friendly structural reforms are still considered attractive, he added.
It followed the announcement on foreign bonds to diversify the domestic insurers.
Meritz Fire & Marine Insurance engagement as Yang Jeongyong manager (asset management unit) is "recent foreign bond investment growth and investment diversification of the domestic insurance companies has continued, said," This phenomenon IFRS9 and IFRS17 introduced hwanhetji related to insurance supervision enforcement regulations amended is expected to continue, he said.
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