The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

China plans to unify corporate bill market

Published Wed, Mar 9, 2016 · 04:02 AM
Share this article.

[BEIJING] China plans to unify the country's corporate bills market, central bank vice governor Pan Gongsheng was quoted by Shanghai Securities News as saying on Wednesday.

"The central bank is pushing forward to build a unified national bill market, which is included in the central bank's work plan," Mr Pan was quoted as saying.

An electronic system will help cut bills trading costs and risks, he added.

The news follows reports that Agricultural Bank of China Ltd may lose 3.8 billion yuan (S$802 million) from a bills of exchange scam allegedly carried out by two employees.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here