China's corporate, enterprise bond sales expected to pick up under new Securities Law

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China has launched a registration-based system for bond issuance, scrapping an approval mechanism, in a reform that allows companies to raise funds more easily.

The new mechanism is part of the new Securities Law that took effects on March 1, which has also removed the requirement for bond issuer's net assets and stipulation that its accumulated bond balance shall not exceed 40 per cent of its net assets.

China's bond market has been highly fragmented, with different types of bonds under supervisions of different government departments.

Previously, issuance of corporate . . .

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