Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
China Quiz
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Monday, September 18, 2000, updated at 08:40(GMT+8)
Business  

China Expected to Relax Bond Issuance Rules

Chinese regulatory authorities will loosen their control on the corporate bonds issuance procedure under a new management provision that is expected to come out by the end of the year

The State Development Planning Commission will no longer limit the issuance volume of corporate bonds under the new provision, nor will it examine and give opinion on every issue, said a senior financial expert.

"The liberalization of the corporate bonds issuance is the government's effort to reduce administrative power on corporate bonds and subject them to the market demand, which is in line with the international practice," Dong Chen, an analyst with the China Securities, was quoted as saying.

He added that the securities watchdog turns down about 40 percent of applications every year, and the to-be-established second board will also be too crowded with over 2,000 companies on the waiting list.

Experts said the rescinding of government limitations will significantly stimulate the development of China's corporate bonds market with issuance volume increasing by several folds every year in the future.




In This Section
 

Chinese regulatory authorities will loosen their control on the corporate bonds issuance procedure under a new management provision that is expected to come out by the end of the year

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved