China’s top two policy banks have issued interbank bonds in a pilot program that removes the role of the underwriter and allows investors to bid directly for the debt, the latest step in government efforts to attract more foreign capital and promote financial opening-up.
China Policy Banks Test New Bond Issuance Program, Spelling Bad News for Middlemen
2021年04月30日 20:54
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Trial cuts out underwriters and lets investors bid directly for bonds in move that could shake up the primary market
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- China’s financial regulators are rolling out more changes to the country’s interbank market to make it easier for foreign investors to buy bonds and stamp out shady practices by underwriters. Photo: IC Photo
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