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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 . . .

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