Press "Enter" to skip to content

Chinese regulator encourages foreign banks to underwrite local government bonds

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's Ministry of Finance said it encourages provincial governments to give overseas banks more leeway to underwrite local government bonds, part of its efforts to open up the country's financial markets.

The ministry said that restrictions will be removed for foreign banks to participate in the underwriting of local government bonds and it will guide local authorities in revising the rules under which they assemble bond underwriting groups to help boost foreign participation, according to . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top