Chinese regulator proposes to remove mandatory rating requirement for some bond issuers
Chinese regulator proposes to remove mandatory rating requirement for some bond issuers

Chinese regulator proposes to remove mandatory rating requirement for some bond issuers

 

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Chinese securities regulator has proposed removing a requirement for bond issuers on the country’s stock exchange markets to have credit ratings, in a move to make it easier for company to get funding by bond sales.

The China Securities Regulatory Commission (CSRC) didn’t keep the clause on ratings in a new draft of guidelines on issuance and trading of exchange-listed corporate bonds that it published late Friday.

The proposal represents a response to a rash of corporate bond defaults in the last two years by some highly rated companies and . . .

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