local currency bond

Bond markets, too, differ not just in size - Indonesia's local-currency bond market is equivalent to 15% of GDP (in Malaysia it is 99%) - but in the profiles of investors.

债券市场也不仅是在规模上不同，印尼的本地货币市场是GDP的15%(马来西亚是99%)，还有投资者的性质不同。

Peru is not alone. Anxious to wean themselves off flighty foreign funding after the crises of the 1990s, many emerging-market governments sought to build up local-currency bond issuance.

秘鲁并不是特例，上世纪90年代危机过后，为了摆脱国外的热钱的控制，许多新兴市场国家试图建立本币计价的债券发行市场，并力争延长债券的到期日。

None has a decent grip on China’s local A-share market, and in local-currency bond and loan issuance in Asia the only foreigners that get a look-in are the network banks.

还没有哪家银行能很好地掌握中国的A股市场。 有能力觊觎亚洲当地货币债券和贷款市场的外国公司也仅限于网络银行。