Cash has flown mostly out of the bond market, because of China's slowdown, but analysts say there are signs local money is being moved out as confidence in the country's outlook drops

"There is a need to make a quick move to attract more foreign investment into our treasury bond market," finance minister Choo Kyung-said.

Defaults among emerging market companies continued to mount in the third quarter, the US investment bank said, due to troubles in Russia as well as China's property sector.

The issuance of bonds in local Asian currencies has shot up to the largest in more than a decade as governments and borrowers avoid expensive US dollar debt

Many analysts believe things are set to get worse as tighter monetary policy across the globe raises the risks of a worldwide recession

Over a dozen bond funds announced measures to restrict new purchases on Friday, and around 40 short-term funds made similar statements in the past 20 trading days

China's outbound investment under the cross-border Bond Connect scheme totalled 301.5 billion yuan ($42.3 billion) at the end of August, up 34% from a month ago

This year's bond 'crash' threatens credit events and a liquidation of the world's most crowded trades, Bank of America warned.

Malaysian bonds lured $1.25 billion as foreign inflows last month, the highest since December, while Indonesian bonds obtained about $600 million and Indian bonds also received $483m

The offshore bondholder group, which is represented by Lazard advisory group, made the offer to buy Kaisa's stalled projects to the developer's advisor CITIC Securities, sources said

The Shanghai Stock Exchange now requires 100% of proceeds from green bond issues to be invested in green projects such as clean energy, compared with at least 70% previously.

Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.