They could also help recycle excess savings to foster Asia’s long term growth – long term investors, such as pension funds or insurance
companies chasing long term assets with low risk levels, will be ready buyers of these new financial instruments. Part of Asia’s massive
foreign exchange reserves could also be invested in those new bonds, whose currency denomination could be split between renminbi,
yen and US dollars, for instance. Indirectly, the new bank could be instrumental in favoring greater financial integration within Asia.